Walter Grand

Walter Grand

Putin ordered that the operator of the Sakhalin-2 project be replaced with a new legal entity that will take over Sakhalin Energy's rights and obligations.

Sakhalin Energy's assets will be transferred to the Russian Federation with a simultaneous gratuitous transfer to the new Sakhalin-2 operator. Gazprom Sakhalin Holding and the company itself will hold stakes in the new Sakhalin-2 operator. The change of the operator of Sakhalin-2 is due to the breach of obligations by
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