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Shell withdraws from its joint Baltic LNG project with Gazprom

10 April 2019 16:35 (UTC +04:00)

Shell is to withdraw from the Baltic LNG, its joint project with Gazprom after the Russian gas holding decided to change the concept of the project’s development, Cederic Cremers, Shell Russia Chairman said, ONA reports citing ITAR-TASS.

"Following Gazprom’s announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project. We have a number of other ongoing projects with Gazprom, including as part of the Strategic Alliance established between the two companies in 2015, which are not impacted by this decision," Cederic Cremers said as quoted by the company’s press service.