In the midst of the war in Ukraine, the company shell announced this Tuesday, March 8, that it will stop buying gas and oil from Russia; as well as the closure of its gas stations in that country, but that they will not be able to disassociate themselves from the country immediately due to long-term contracts and the probable difficulty of finding alternative supplies.
“Shell announces its intention to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas, in a phased manner, in line with (British) government guidelines,” he said. the CEO of the firm, Ben van Beurden, in a statement.
The company made the proclamation, following criticism it received for buying a shipment of Russian crude a week ago.
“We are well aware that our decision last week to buy a shipment of Russian crude was wrong,” he said.
Our actions to date have been guided by ongoing discussions with governments about the need to disentangle society from Russian energy flows.
It should be noted that on February 28, Shell had already announced that it will abandon all the joint projects it has with the Russian giant Gazprom, which will give up its 27.5% stake in the Sakhalin-II liquefied natural gas facility, as well as the 50% in the Salym and Gydan oil projects in Siberia, and which terminates its participation in the Russian-German Nord Stream 2 gas pipeline.
For Van Beurden, the challenges facing the sector “highlight the dilemma between putting pressure on the Russian government for its atrocities in Ukraine and guaranteeing stable and secure energy supplies throughout Europe.”
The CEO of shell considered that it will be up to the governments to decide on the “incredibly difficult sacrifices” that will have to be made during the war in Ukraine.
With information from EFE and Bloomberg.
Source: Larepublica
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