Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s decision is the latest indication that Putin won’t allow international energy companies to realize big financial gains as they exit Russia over the invasion of Ukraine. The president has also issued a decree that blocks Exxon Mobil Corp. from selling its interest in the Sakhalin-1 oil project until the end of the year. Shell had already written off the $1.6 billion value of its 27.5% stake in Sakhalin-2 earlier this year. The company has a contract to receive LNG cargoes from the facility, and is currently assessing “options in line with applicable legal requirements and agreements” as the venture is transferred to the new operator, according to its website. […]