Shell to sell all stakes in Gazprom joint ventures

Shell said it will get rid of all stakes in joint ventures with Gazprom. (Anna Gowthorpe/PA)

Oil giant Shell has announced plans to sell its stake in all joint ventures with Russian partner Gazprom, calling Russia’s invasion of the country “senseless” and a threat to European security.

The company said it will sell its 27.5% stake in a Russian liquefied natural gas facility, a 50% stake in an oilfield project in Siberia and an energy joint venture.