Chinese state-run energy majors are in talks to acquire the UK energy giant’s stake in Sakhalin-2

China’s biggest state-owned energy companies are reportedly negotiating the opportunity to buy a stake in a major Russian gas export project from Shell after the British oil and gas corporation exited Russia over the conflict in Ukraine.

Cnooc, CNPC, and Sinopec Group are in joint talks with Shell over the company’s 27.5% stake in the Sakhalin-2 liquefied natural gas venture, according to people with knowledge of the matter, as quoted by Bloomberg.

The discussions, which are in the early stages, reportedly include the sale of the stake to one or two of the Chinese firms, or to a consortium of all three majors. Shell is also open to negotiations with other potential buyers outside of China, the sources, who asked to remain anonymous, told the media.
March, Shell announced plans to exit its joint ventures with Russian state-run gas giant Gazprom and related entities. The decision follows similar steps announced by French-based Total, the UK’s BP, and Norway’s Equinor ASA. Later, the company said it would have to write off as much as $5 billion in assets due to the exit.

China’s automotive industry is also eyeing opportunities in Russia. One of the Chinese auto manufacturers may buy Renault’s stake in Russian carmaker Avtovaz, according to a source in government agencies as quoted by TASS. Renault holds 68% in Lada Auto Holding, a joint venture with Rostec, which owns 100% of Avtovaz.

In a mass exodus of major international brands from Russia took place amid Western sanctions related to Moscow’s military operation in Ukraine, which was launched on February 24.
https://www.rt.com/business/554376-china-shell-stake-russia-sakhalin/

All this is sickening. How many years would it take global economy to recover from this maddening events?

The war is creating opportunities for opportunistic firms to take advantage of decades long engagements other businesses have created...long before. Damn !

DoctorOlasDesk:
All this is sickening. How many years would it take global economy to recover from this madeddning events?

My bloda it will take a long time because this thing will affect everyone around the world.

China and Russia will always remain allies

China ehh
I loved them for one thing
Sense!!!
they support no one
And are friends with no one
Anything that favours them they choke head

China will always do what's best for china, right now that means bombarding the Russian market.
1- Huawei just joined one of the major Russian cyber defense group,has plans to open some production factories in Russia and partner on it's 5g prowess.
2- oppo has increased Russia sales by 300%
3-union pay has replaced America's Master card and and increased it's revenue while the latter lost over $40b
4-china signed a $150b 30years oil deal with Russia
5-china is planning to buy a $450b stake in Russia oil sectors like gazprom and co

China ever making her moves to exert much economic influence.
BTW China is so much vilified by the West,especially the paranoid US.The West claims China is atheist, yet they have a strong sense of morality.
The so called Superpower US which claims strong Christian values and belief in God,is ironically the same one spearheading the legalization and general acceptance of all abominable practices like Gay marriage, accepting gay priests in the church.
As for me,I prefer China anytime anyday.

Babapyro:
China will always do what's best for china, right now that means bombarding the Russian market.
1- Huawei just joined one of the major Russian cyber defense group,has plans to open some production factories in Russia and partner on it's 5g prowess.
2- oppo has increased Russia sales by 300%
3-union pay has replaced America's Master card and and increased it's revenue while the latter lost over $40b
4-china signed a $150b 30years oil deal with Russia
5-china is planning to buy a $450b stake in Russia oil sectors like gazprom and co

The advantage of being a world power is that you get to do whatever the fvck you want as long as it benefits you without having to answer to USA. Notice how the west Never dares ask china not to buy Russian gas

Babapyro:
China will always do what's best for china, right now that means bombarding the Russian market.
1- Huawei just joined one of the major Russian cyber defense group,has plans to open some production factories in Russia and partner on it's 5g prowess.
2- oppo has increased Russia sales by 300%
3-union pay has replaced America's Master card and and increased it's revenue while the latter lost over $40b
4-china signed a $150b 30years oil deal with Russia
5-china is planning to buy a $450b stake in Russia oil sectors like gazprom and co

all noise USA Nobi china or Russia mate oh

shogsman:

The advantage of being a world power is that you get to do whatever the fvck you want as long as it benefits you without having to answer to USA. Notice how the west Never dares ask china not to buy Russian gas

I'm in awe of that country and how far they've come, coming from one of the most improverish nation to becoming a super power with the biggest gdp PPP in the world and the country with the biggest wealth amassed in history. Do you know there global debt is less that 20% of USA's debt even though they have a billion more people in Thier country

Britain and USA and others that supported Gowon... Lemme reserve my comment

Bonesbreaker:
all noise USA Nobi china or Russia mate oh

Mumu, USA depends on Russia for every god-damn thing even technology and so does the whole world, everything in your village comes from china including that chinko you used to type this 70% of everything used in usa is made in china including your iphones.
USA has a national debt that is $8t higher than Thier entire gdp. They even owe china trillions of dollars.
Now who's the real boss

Discombulator:

Mumu, USA depends on Russia for every god-damn thing even technology and so does the whole world, everything in your village comes from china including that chinko you used to type this 70% of everything used in usa is made in china including your iphones.
USA has a national debt that is $8t higher than Thier entire gdp. They even owe china trillions of dollars.
Now who's the real boss

the Richest economy in the world is from where, china does copycat while USA produce original and have branches in China but main head offices are located in USA,Russia produce nothing expect AK47 which even Nigeria now produce too apart from AK47 what product do Russia has in the market, just like USA did to Hawaii Who was trying to measure dick with Google hafa with its sales yes USA is owing china 8trillion dollars and yet the are still world power the visa of USA is more powerful than China and Russia get sense oh

Bonesbreaker:
all noise USA Nobi china or Russia mate oh

Time will tell

Russia regional communist of China

The west are the ones losing out in all of these.

Never! Ain't giving any Chinese company business chance in Russia.They should get lost and lost.

Who is now at loss?
Shell no get sense

sapientia:
Russia regional communist of China

better than imperial west

Babapyro:

I'm in awe of that country and how far they've come, coming from one of the most improverish nation to becoming a super power with the biggest gdp PPP in the world and the country with the biggest wealth amassed in history. Do you know there global debt is less that 20% of USA's debt even though they have a billion more people in Thier country

I can believe that...heck, they supply the world. Everyone pretty much goes to China for everything under the sun...lol Africa should have taken notes a long time ago. I remember reading a post where someone on this forum was saying how in Nigeria, they use to export things, but then stopped their exports years ago, and now look at the end result. Sorry, I can't find the thread...but China was smart to keep fine tuning their manufacturing skills and being world supplier of pretty much everything.

China and India have over 2B population to feed and provide cheap gas and oil.
China want to succeed in securing its gas and oil supply without interruption from anyone, reason China is ready to pay more billions to Russia to make sure SP2 pipelines comes to live.

Even USA biggest allies in the region Japan, South Korea don’t want to leave Russia gas and oil with all the noises they have been making.
S/Korea military defence system missiles are still be be built jointly by S/Korea and Russia companies.

Babapyro:
China will always do what's best for china, right now that means bombarding the Russian market.
1- Huawei just joined one of the major Russian cyber defense group,has plans to open some production factories in Russia and partner on it's 5g prowess.
2- oppo has increased Russia sales by 300%
3-union pay has replaced America's Master card and and increased it's revenue while the latter lost over $40b

UnionPay is leaving Russia soon

Funny how Russia will be at the mercy of China in few decades.

PoUtIStans are always peddling fake news rubbish and propaganda from RT, a puUtIN propaganda blogsite.

Per orders from the Chinese government, Chinese companies don leave and abandon Russia already, Chinese banks are refusing to loan PoUtin 1 kobo, Chinese refineries and oil firms are not signing new oil contracts with Russia and by next month, no more Chinese oil imports from pOuTin..

Bonesbreaker:
the Richest economy in the world is from where, china does copycat while USA produce original and have branches in China but main head offices are located in USA,Russia produce nothing expect AK47 which even Nigeria now produce too apart from AK47 what product do Russia has in the market, just like USA did to Hawaii Who was trying to measure dick with Google hafa with its sales yes USA is owing china 8trillion dollars and yet the are still world power the visa of USA is more powerful than China and Russia get sense oh

Small Pikin analysis

Discombulator:

Mumu, USA depends on Russia for every god-damn thing even technology and so does the whole world, everything in your village comes from china including that chinko you used to type this 70% of everything used in usa is made in china including your iphones.
USA has a national debt that is $8t higher than Thier entire gdp. They even owe china trillions of dollars.
Now who's the real boss

Make una rest,
So china no dey owe USA abi?
Una go just dey yarn like

Bonesbreaker:
the Richest economy in the world is from where, china does copycat while USA produce original and have branches in China but main head offices are located in USA,Russia produce nothing expect AK47 which even Nigeria now produce too apart from AK47 what product do Russia has in the market, just like USA did to Hawaii Who was trying to measure dick with Google hafa with its sales yes USA is owing china 8trillion dollars and yet the are still world power the visa of USA is more powerful than China and Russia get sense oh

Normally I'd be angry at your ignorance but you're a funny bugger