Shell's Controversial Trade: Profiting from Russian Gas Despite Promises
Shell has been estimated to have made hundreds of millions of dollars trading Russian liquefied natural gas (LNG) since the start of the war in Ukraine, according to a report by Global Witness. Despite Shell's promise to stop dealing in all Russian hydrocarbons, the company continued to trade Russian gas, claiming it was necessary for Europe's energy security. The majority of Shell's Russian LNG exports went to the Middle East and Asia, rather than Europe. Global Witness calls for an immediate halt to this trade and for governments to ban imports of Russian gas and impose a 100 percent tax on profits and dividends received by companies from Russian operations since the start of the war.