Shell leaves Chinese power market operations

03 May 2024 CW Team

Shell announced its exit from China's power markets as part of CEO Wael Sawan's strategy to prioritise more profitable ventures, particularly its natural gas and oil sectors.

The decision to withdraw from China's power value chain, encompassing power generation, trading, and marketing, was conveyed in a statement. The effective date of this decision was the end of 2023.

Shell conveyed, "We are selectively investing in power, focusing on delivering value from our power portfolio, which necessitates making tough decisions."

As per information available on Shell's website, Shell Energy China had been among the earliest wholly-owned foreign entities to engage in China's carbon emissions market and was authorised to trade in the country's power market.

A spokesperson clarified that these changes did not impact Shell's electric vehicle charging business, which remained a pivotal growth area for the company. "We will collaborate with our partners and clients to support China's energy transition," Shell affirmed.

By 1050 GMT, Shell's shares had declined by 0.8%, contrasting with the broader European energy index, which experienced a 0.23% decrease.

In alignment with its initiative to save up to $3 billion annually, Shell has recently divested from the European retail power sector, as well as numerous offshore wind and low-carbon projects. Additionally, it has initiated the sale of its U.S. solar assets and is reassessing its significant refining and petrochemical complex in Singapore.

Staff reductions have been implemented across the company, including within its low-carbon solutions division.

Despite scaling back its presence in renewables and low-carbon energies, Shell intends to intensify its focus on natural gas, anticipating sustained demand growth in the ensuing decades.

Infrastructure Urban

07 Nov 2025

Piyush Goyal Boosts India–New Zealand Trade Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, is on an official visit to New Zealand to strengthen bilateral economic and trade relations between the two nations. The fourth round of India–New Zealand Free Trade Agreement (FTA) negotiations is currently underway in Auckland from 3 to 7 November 2025. At the India–New Zealand Business Forum, organised by the Auckland Business Chamber, Shri Goyal joined Hon. Todd McClay, Minister for Trade of New Zealand, for a Fireside Chat moderated by Mr Simon Bridges, CEO of the Auckland Business Chamber. Opening the session, Shri Goyal r..

India, Romania Strengthen Trade and Industry Cooperation

Minister of State for Commerce and Industry, Shri Jitin Prasada, led the Indian business delegation at the India–Romania Business Forum, organised by the Chamber of Commerce and Industry of Bra?ov (CCIBv) in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from key sectors such as automotive, aerospace, defence, renewable energy, engineering services, a..

Maritime Security Seminar Strengthens Indian Ocean Cooperation

The Maritime Security Seminar, held as part of the Maritime Information Sharing Workshop (MISW) 25, concluded on 4 November 2025. The three-day workshop, themed “Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region,” is being hosted by the Information Fusion Centre – Indian Ocean Region (IFC–IOR) and has brought together over 57 participants from 30 countries, including representatives from the Indian Ocean Rim Association (IORA), Djibouti Code of Conduct/Jeddah Amendment (DCoC/JA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Eco..