Gazprom is proposing to extend the rubles-for-gas scheme to liquified natural gas (LNG), a senior executive said on Monday, days after Russia moved to take full control over the Sakhalin-2 LNG project. The proposal for demanding payments in rubles for LNG came from Kiril Polous, who is in charge of Gazprom’s long-term development programs, during a parliament energy committee meeting, Russian news agency Interfax reported today. Last week, a decree from Russian President Vladimir Putin said that a newly set up state Russian company would take over the rights and obligations of Sakhalin Energy Investment Co., the joint venture running the Sakhalin-2 oil and gas project. This could mean a forced exit from the project for Shell and Japan’s Mitsui and Mitsubishi, which are minority shareholders in Sakhalin Energy Investment Co. Shell already said it would leave the project a few months ago and has since then been looking […]