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Disclosure

21 Mar 2022

Author:
Shell plc

Shell plc response

...Shell announced its intention (on 8th March) 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. As an immediate first step, the company will stop all spot purchases of Russian crude oil. This follows our earlier announcement when we confirmed our intent to exit our joint ventures with Gazprom and related entities, including our 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, our 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. We also intend to end our involvement in the Nord Stream 2 pipeline project...

We do not supply Russia’s military with products or services, however, during a military conflict there may be circumstances in which our teams may have no choice but to supply military transport. This could be if armed troops demanded fuel or, indeed, if there was a legal obligation under martial law.

We employ 1,500 staff and contractors in Ukraine, and we are doing everything we can to ensure their health, safety, and well-being in this difficult situation...

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