Naftogaz calls on international service companies to discontinue their business in Russia

The world's largest oil and gas companies have already announced their withdrawal from Russian gas production projects. National Joint Stock Company “Naftogaz of Ukraine” calls on the Big Four of oil service companies ­­– Schlumberger, Weatherford, Halliburton, and Baker Hughes ­– as well as technology and equipment providers to follow their example.

The international companies’ withdrawal from Russian projects will significantly weaken the technological potential of the Russian oil and gas industry. Combined with the financial, trading, and other sanctions already imposed by various countries’ governments and individual companies, this will weaken the dominant position of the aggressor country in the European gas market. And this is critical not only for the defence of Ukraine, against which Russia has unleashed an unprecedented open war, but also for the security of the whole of Europe.

"Natural gas is one of the main weapons in Russia's war against Ukraine. We must not allow further strengthening of this weapon. We are grateful to the global community that has finally put an end to Nord Stream 2. We also support the prompt and only right reaction by BP, Shell, Equinor, Exxon, TotalEnergies, who have expressed their support for Ukraine and are curtailing their energy projects in Russia in response to its unjustifiable aggression. We are convinced that all other international companies involved in Russia's oil and gas projects, who share civilized European values, should follow suit. Today, natural gas is a weapon against Ukraine; tomorrow, it may become a weapon against the whole world," said CEO of Naftogaz of Ukraine Yuriy Vitrenko.

In parallel, Naftogaz continues the legal battle against Russia's gas monopoly. The Arbitration Tribunal in The Hague, initiated by the company, commenced hearings on Russia’s compensation for the losses we had suffered due to the annexation of our assets in Crimea. Naftogaz is actively cooperating with the European Commission's antitrust authority with regard to Gazprom's abuse of the European gas market.

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