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tw0122

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tw0122

Re: None

Friday, 04/22/2022 1:39:28 PM

Friday, April 22, 2022 1:39:28 PM

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China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.
Cnooc, CNPC and Sinopec Group are in joint discussions with Shell over the company’s 27.5% holding in the Sakhalin-2 liquefied natural gas venture after the European firm said it would exit Russian operations following the Ukraine invasion
I had previously argued on my podcast and on my blog that even though the west was going to be ignoring Russian investments, there would definitely be a strategic buyer who would come in and scoop up what can only be described as long-term strategic energy assets from Russia.

https://www.zerohedge.com/markets/israel-dumps-dollar-chinas-renminbi
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