Shell is still receiving money for the company’s stake in the Russian Sakhalin-2 gas project. President Vladimir Putin has given permission for this.

Shell owned 27.5 percent of Sakhalin-2, Russian Gazprom owns half of the project. It is about 94.8 billion rubles (1.1 billion euros). Payment is made through the Novatek gas company.

Shell announced last year that it would divest itself of its operations in Russia and stop buying oil and gas from the country, due to the Russian invasion of Ukraine.

As a result, the company had to stop its activities around the Sakhalin-2 oil project, among other things.

Shell wanted to sell its stake in the liquefied natural gas and oil extraction project, but Poeting intervened with a decree last year. The intervention could allow Moscow to expropriate the assets. The entire project would then be handed over to a new Russian company, leaving Shell empty-handed.

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