Japan-backed Sakhalin-2 LNG project rocked by Shell exit

Mitsui and Mitsubishi also invested in joint venture with Russia's Gazprom

Shell is withdrawing from the Sakhalin-2 liquefied natural gas plant in Russia. © Reuters

KENTA SHINOZAKI and RYOSUKE HANAFUSA, Nikkei staff writers

March 1, 2022 04:50 JST

Updated on March 1, 2022 06:59 JST

LONDON/HOUSTON, U.S. -- Shell will exit all oil and gas projects involving Russian state-owned energy giant Gazprom in response to Russia's invasion of Ukraine, including a landmark LNG plant that has served as a symbol of cooperation between Tokyo and Moscow.