LNG

May 25 (LNGJ) - Shell, which has pledged to withdraw from Russian hydrocarbons from crude oil to the LNG plant on Sakhalin Island in a phased manner, has completed the sale for an undisclosed sum of its subsidiary Shell Neft’s retail filling stations and lubricants business in Russia to Lukoil. Shell Neft’s retail network consists of more than 400 stations, 240 sites owned by Shell and 171 other sites owned by dealerships.

   “All people currently working for Shell Neft, more than 350 in total, will remain employed by Shell Neft, which is now owned by Lukoil,” said the company. Shell noted that Lukoil is one of the largest publicly traded oil and gas companies in the world in terms of proved reserves and production and is the second-largest producer of oil in Russia.

Woodside Petroleum, the Australian LNG plant operator, is considering whether to block Russian company Lukoil from becoming a partner in the $4.2 billion Sangomar project offshore Senegal after the Russians agreed to buy Cairn Energy’s Senegal assets.