TotalEnergies was Third Largest Player in Russian LNG Sales Last Year, Says NGO
07.03.2023 By TankTerminals.com News - NEWS

July 3, 2023 [France24]- The campaign group Global Witness said TotalEnergies was the third-biggest player in Russian liquified natural gas (LNG) last year and Shell the fourth, behind two Russian companies.

 

The report focussed on Britain’s Shell, after Global Witness said it had looked previously at TotalEnergies of France.

“Russia’s LNG exports are helping to finance the country’s war in Ukraine and in 2022 were worth an estimated $21 billion,” it said.

“Few companies have helped this trade more than Shell, and Global Witness estimates that Shell has made hundreds of millions trading Russian LNG last year.

“Yet despite the war crimes this trade helps finance, it is legal. Shell, the UK, and the EU should immediately halt it.”

Both companies said they were tied to ongoing contracts despite pulling out of Russian partnerships after Ukraine was invaded last year.

“Shell has stopped buying Russian LNG on the spot market, but still has some long-term contractual commitments,” a Shell spokesperson said, insisting that all laws and sanction restrictions were being respected.

“There is a dilemma between putting pressure on the Russian government over its atrocities in Ukraine and ensuring stable, secure energy supplies,” it said.

“It is for governments to decide on the incredibly difficult trade-offs that must be made.”

In Paris, TotalEnergies emphasised “its duty to contribute to the security of Europe’s gas supply from the Yamal LNG plant [in Siberia] under long-term contracts that it must honour as long as European governments do not impose sanctions against Russian gas”.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Finland's Neste Cuts Margin Target Again as Biofuel Prices Fall
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Finnish oil refiner and biofuel maker Neste narrowed down its annual ren... Read More
Virya, Partners to Invest in 25-MW Belgian Green H2 Project
07.26.2024 - NEWS
July 26, 2024 [Renewables NowBelgian holding company Virya Energy NV and its partners HyoffGreen ... Read More
Valero Plans to Run Refineries at 92% of Combined Capacity in Q3 2024
07.26.2024 - NEWS
July 26, 2024 [Reuters]- U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to... Read More
Angola's New Cabinda Refinery to Start up Later this Year-CEO
07.26.2024 - NEWS
July 26, 2024 [Reuters]- Angola’s new Cabinda crude oil refinery is on track to start up later ... Read More