Liquefied natural gas (LNG) exports out of Russia fell by 3% in January through May from a year earlier, amid tighter EU restrictions on transshipment and U.S. sanctions on a new LNG project that can’t find buyers yet.
Russia’s LNG shipments dipped by 3% year-over-year to 13.2 million tons in the first five months of the year, Reuters reports, citing preliminary data from LSEG.
The European Union is considering import restrictions on Russian aluminum and phasing out liquefied natural gas from the nation as part of a new package of sanctions targeting Moscow for its full-scale invasion of Ukraine, according to people familiar with the matter.
BRUSSELS, Sept 8 (Reuters) – The European Union has no short-term plan to ban Russian liquefied natural gas (LNG) despite soaring imports to the bloc, Spain’s energy minister said, citing fears of another price spike.