Jul 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. In March 2022, in the weeks following the invasion of Ukraine, Shell apologised for buying a cargo of Russian oil, and said it intended to withdraw from Russian oil and gas. Shell used to be a minority investor in the Sakhalin gas project, but abandoned that claim in September last year after the Russian government transferred its shares to a local business - and since then has taken no gas from Sakhalin. Oleg Ustenko, an adviser to the Ukrainian president, said: "It is quite simple: by continuing to trade in Russian gas Shell is putting money into Putin's pockets and helping to fund Russia's brutal aggression against the people of Ukraine."The vast sums that Shell and the whole oil industry have made in Russia should be used to help fund the reconstruction of Ukraine, rather than lining the pockets of their shareholders. "It's long overdue that the trading of Russian LNG is looked at with the same disgust as Russian oil trading. Targeting Putin's energy income cannot be about symbolic measures but must concretely put a stop to the huge fossil fuel sums that cement his power," said Jonathan Noronha-Gant, senior campaigner at Global Witness.
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