MOSCOW: Chinese energy giants including CNOOC, CNPC and SINOPEC are eyeing stakes in Shell’s Russian gas export project, Bloomberg reported, quoting people familiar with the matter.
These Chinese energy giants are carrying out joint discussions with Shell to buy a 27.5 percent holding in the Sakhalin-2 liquefied natural gas venture after the European firm announced its exit from Russia, said people who wished to remain anonymous.
The discussion aims to obtain a potential sale of the stake to one, two of the Chinese companies or to a consortium comprising all three companies.
The report stated that these discussions are currently in the early stages, and no finalization has been made yet.
According to these sources, Shell is also open to talks with other potential buyers outside of China.
Neither Shell nor the Chinese companies did comment on the Bloomberg report.
