Shell has secured the agreement to sell Russian gas abroad – RBC

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the Anglo-Dutch Shell has received from “Gazprom” the agreement to sell Russian gas abroad through a joint project company group “Baltic SPG”

the Agreement on the Baltic LNG project has reached the head of “Gazprom” Alexey Miller and the head of Shell, Ben van beurden. According to the newspaper “Kommersant”, the essence of the document lies in the fact that Baltic LNG was granted the right to export Russian gas without an Agency agreement with “Gazprom export”. In this case, the gas will be able to buy, and then resell abroad one of the trading structures of the Shell.

the Condition to trade is the refusal of Shell from the supply in those European countries where gas from the Baltic LNG will compete with pipeline gas from “Gazprom”.

To implement this idea you need to make changes to the legislation, because right now the export possess a state of the company.

in Addition, Shell is discussing with Gazprom getting gas assets in Russia in exchange for Gazprom to receive a certain position in Asia. However, according to the publication, such a deal now hampered by U.S. sanctions.

the Sources indicate that the agreement with Shell is part of the overall agreement, which are not yet fixed. The document by which the Anglo-Dutch company will enter into the shareholders of “Baltic LNG”, may be concluded in a few months. It is assumed that the proportion of Shell in the project will amount to 35%, “Gazprom” — 51%.