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Shell committed to Russia expansion despite sanctions

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Extract from an article by Alexei Anishchuk published by Reuters on Friday 18 April 2014

(Reuters) – Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine’s Crimea region. Shell plans to expand Russia’s only liquefied natural gas (LNG) plant with Russian partner Gazprom, he said at a meeting at Putin’s residence.

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Ben van Beurden praised the oil giant’s cooperation with Russia state-controlled natural gas monopoly Gazprom (GAZP.RS) at the Sakhalin II project and with its oil arm Gazprom Neft (SIBN.RS).

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Shell tells Putin gas project not derailed by Ukraine

Chief executive Van Beurden met with the president at his residence outside of Moscow and reaffirmed the company’s commitment to develop Russia’s only liquefied natural gas (LNG) plant with Gazprom.

“We also know that this is going to be a project that will need strong support to succeed. So one of my purposes of meeting with you, Mr. President, is to also secure support for the way forward on this project,” Van Beurden said.

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1 Comment on “Shell committed to Russia expansion despite sanctions”

  1. #1 Virginia Fite
    on Apr 19th, 2014 at 04:12

    So it’s cool with you if Russia just starts taking over other countries?
    Wasn’t hat little chat in Puin’s house a little over the top even for megaclom Shell? I get it now – you’re your own country. FTW Are you trying to set the loons off on a big angry visit to your facilities?

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