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Shell Idles LNG Ships Owned by Russia to Avoid Sanction Risk

  • LNG vessels chartered from Russia state-owned Sovcomflot
  • Move is another example of self-sanctioning by energy giants
The  SCF Timmerman LNG tanker. 

The  SCF Timmerman LNG tanker. 

Photographer: V. Tonic/Marine Traffic. 

Updated on

Shell Plc decided to idle two liquefied natural gas vessels chartered from a Russian company, in the latest example of an energy giant seeking to avoid future sanctions or public condemnation tied to the war in Ukraine.

London-based Shell decided last month to take the ships out of service and bear the economic cost, according to people with knowledge of the matter. The ships are primarily used to ferry LNG within Asia and aren’t directly under sanctions, but the company decided to idle them as a precaution, said the people, who requested anonymity to discuss private details.