Shell first announced its intention to exit its joint ventures with Russia’s Gazprom and related entities about a week ago. These include a 27.5 per cent stake in the Sakhalin-II liquefied natural gas (LNG) facility, its 50 per cent stake in the Salym Petroleum Development, and the Gydan energy venture. Shell also revealed the intention to end its involvement in the Nord Stream 2 gas pipeline project.
In a new update related to its Russian operations, Shell said on Tuesday it intends to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance.
