The Cable
Shell Plc says it will exit its joint ventures with Gazprom and related entities, including stakes in three major gas projects and the undersea Nord Stream 2, worth $3 billion.
The decision is coming as the Russian invasion of Ukraine entered Day 5 with no signs of relentless.
The company announced its intention in a statement issued on Monday.
The statement added that the assets include its 27.5 percent stake in the flagship Sakhalin 2 liquefied natural gas (LNG) facility, 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Read
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