Shell to Exit Partnerships with Gazprom

• (PLX AI) - Shell intends to exit equity partnerships held with Gazprom entities.
• • Shell to exit 27.5 percent stake in the Sakhalin-II liquefied natural gas facility
• • Shell to exit 50 percent stake in the Salym Petroleum Development and the Gydan energy venture
• • Shell also to end its involvement in the Nord Stream 2 pipeline project
• • Shell decision will impact the book value of Shell's Russia assets and lead to impairments