Energy giant Shell on Wednesday announced that it is leaving the joint project it was developing with Gazprom in Russia, following the Russian gas company's decision to alter its configuration. "Following Gazprom's announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project," the British-Dutch group said in a statement.
Baltic LNG project involved the construction of an LNG plant with the capacity of 10 million tonnes in the Ust-Luga port of Saint-Petersburg.
While it was initially a joint project, Gazprom published a press-release on March 29 that no longer mentioned Shell's involvement.
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