Shell announces intent to withdraw from Russian oil and gas
LONDON, March 8, 2022 -- Shell plc (Shell) today announced its intent 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.
- LONDON, March 8, 2022 -- Shell plc (Shell) today announced its intent 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.
- Unless directed by governments, we will:
Immediately stop buying Russian crude oil on the spot market and we will not renew term contracts. - At the same time, in close consultation with governments, we are changing our crude oil supply chain to remove Russian volumes.
- In this announcement Shell, Shell Group and Group are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.