After the British energy company BP, the Shell oil company is also drawing consequences from Russia’s invasion of Ukraine. Cooperation with Gazprom will not be continued.
The Dutch-British oil company Shell wants to end its cooperation with the Russian gas monopoly Gazprom and associated companies.
This affects, among other things, the participation in the Sakhalin II liquid gas plant. In addition, the cooperation on the Nord Stream 2 pipeline project will be terminated, Shell announced on Monday.
“We are shocked by the loss of life in Ukraine,” said CEO Ben van Beurden. He spoke of a “senseless act of military aggression that threatens European security”. The CEO emphasized: “Our immediate focus is on the safety of our employees in Ukraine and the support of our employees in Russia.”
The day before, the British energy group BP sold its shares in the Russian oil company Rosneft. BP had held a 19.75 percent stake in Rosneft since 2013. The exit was also associated with the resignation of BP boss Bernard Looney and his predecessor Bob Dudley as members of the Rosneft board of directors, the group said in a statement on Sunday. According to British media reports, BP gave in under pressure from the government in London.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
