00:34 GMT12 April 2021
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    Overall investment in the joint projects of Russian energy giant Gazprom and Royal Dutch Shell oil company in Russia is estimated at $13 billion, Russian Energy Minister Alexander Novak said Thursday.

    ST. PETERSBURG (Sputnik) — The projects include construction of the Baltic LNG plant, expansion of Sakhalin-II LNG plant and the development of the Yuzhno-Kirinskoye gas field on the island of Sakhalin.

    "The overall investment in these projects is over $13 billion," the minister told reporters on the sidelines of the St. Petersburg International Economic Forum.

    In mid-2015, Gazprom and Shell sighed an agreement stipulating the strategic partnership development across all segments of the gas industry. Shortly after that, Gazprom CEO Alexei Miller said that his company was engaged in a commercial negotiations with Shell on the potential partnership within the Baltic LNG project.

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    Tags:
    investment, Shell, Gazprom, Alexander Novak, Russia
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