The Kremlin has decided that ownership of the LNG operation should be changed to a new domestic entity.
President Vladimir Putin has signed a decree to transfer the rights of the giant Sakhalin-2 oil and liquefied natural gas project to a new Russian company. The move comes in response to actions from “unfriendly states” and could force out foreign stakeholders, including British and Japanese investors.
Continue reading https://on.rt.com/bypp