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decision to sell its stake in state-owned Russian oil company Rosneft .Shell said, among other things, that it would “withdraw from its joint ventures with Gazprom”, worth about $ 3 billion. Sales include a 27.5% stake in the Sakhalin-II liquefied natural gas plant, a 50% stake in Salym Petroleum Development and Gydan Energy.
In a statement, Shell CEO Ben van Beurden said: “We are shocked by the loss of human life in Ukraine. “We regret that these events came from an absurd act of military aggression that threatens European security.” He added that the company is convinced of its departure.
Shell will also end its involvement in the Nord Stream 2 pipeline project, in which it holds a 10% stake worth $ 1 billion. As it is known, after the Russian invasion of Ukraine, Germany had decided to “freeze” the receipt of the project.
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