Shell to withdraw from Russian LNG
Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.
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Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.
Ed Cox, Head of Global LNG at the Independent Commodity Intelligence Services (ICIS), discusses the options available to Europe in moving away from Russian gas, namely to the use of LNG.
With the Russia-Ukraine conflict causing major concerns over energy security issues, GIIGNL are mobilising to ensure stable, affordable, and flexible access to LNG imports.
Due to the conflict in Ukraine and sanctions on Russia, it is expected that LNG is set to help fill the gap on Russian gas in Europe’s energy mix.
Shell announced its intention to exit its joint ventures with Russian-owned Gazprom, focusing instead on supporting Ukraine as well as European security.
The company’s passive fire protection coating has received independent verification from UL Verification.
The company states that there is little prospect for Europe to reduce its dependence on Russian gas in the short-term.
The company states that global LNG trade increased by 6% in 2021 as countries rebounded from the impact of COVID-19.
The Arc7 ice-class module carrier AUDAX completed its voyage along the Northern Sea Route from the Chinese port of Tianjin to Murmansk, Russia.
Mike Lucas is to take on the role of Vice President and General Manager of OPW Clean Energy Solutions, after the company acquired RegO and Acme Cryogenics.
Register to watch Honeywell's webinar and discover how IFS can help train your workforce effectively.
Heinz-Jürgen Hiller, Business Development LNG at VTG Rail Europe, looks at LNG transportation by rail and the important role it could play in the future of the LNG industry.