Putin approves payment to Shell over Russia exit Kommersant

The British energy company walked away from the Sakhalin-2 LNG project last year

Russian President Vladimir Putin has approved a request by Novatek to transfer 94.8 billion rubles ($1.21 billion) to Shell for its stake in the Sakhalin-2 liquefied natural gas (LNG) project, business daily Kommersant reported on Tuesday, citing sources familiar with the matter.

Novatek, which is Russia's seco