LNG

July 1 (LNGJ) - Russian President Vladimir Putin has signed a decree to set up a new operating company for the Sakhalin II oil and liquefied natural gas projects on Sakhalin Island in Russia’s Far East. While Shell has abandoned its stake in Sakhalin II LNG since Russia’s invasion of Ukraine, two Japanese companies Mitsui and Mitsubishi Corp. remain shareholders and it was unclear what their new status would be. Japan still receives LNG shipments from the Gazprom-operated Sakhalin II plant.