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Monday, October 2, 2023

Shell still trading Russian gas despite pledge to stop

Shell is still trading Russian gas more than a year after pledging to withdraw from the Russian energy market.

The company was involved in nearly an eighth of Russia’s shipborne gas exports in 2022, according to analysis from campaign group Global Witness.

Oleg Ustenko, an adviser to Ukrainian President Vladimir Zelensky, accused Shell of accepting “blood money”.

Shell said the trades were the result of “long-term contractual commitments” and do not violate laws or sanctions.

As recently as 9 May, a vast tanker capable of carrying more than 160,000 cubic metres of gas compressed into liquid form – liquefied natural gas or LNG – pulled out of the port of Sabetta, on the Yamal peninsula in Russia’s far north.

That cargo was purchased by Shell before heading onwards to its ultimate destination, Hong Kong.

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