Shell to exit equity partnerships held with Gazprom entities

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/8/2026

1. SBUX
2. LEVI
3. SPCX
4. NVDA
5. ORCL
6. USO
7. STZ
8. SPY
9. GOOGL
10. APLD

Go back to Shell to exit equity partnerships held with Gazprom entities

Shell intends to exit equity partnerships held with Gazprom entities

February 28, 2022 12:40 PM EST

LONDON, February 28, 2022 The Board of Shell plc (Shell) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture.  Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security, said Shells chief executive officer, Ben van Beurden.

Shells staff in... More