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Shell Maintains Long-Term Novatek LNG Contract

LNG

Shell continues to maintain a long-term contract with Novatek for the purchase of LNG, according to TASS, citing the company’s annual report.

  • This is composed of a single long-term purchase contract.
  • In 2023, Shell reported that all contracts for purchase of Russian crude and products, as well as pipeline gas were completed by the end of 2022.
  • The company’s supply of LNG from Sakhalin-2 has also stopped.
  • Following Russia’s invasion of Ukraine in February 2022, energy companies have seen pressure to divest away from Russia.

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