Proposed ban on Russian LNG transhipments no issues for Asia


An LNG (Liquefied Natural Gas) ship loads gas to a cruise ship in Barcelona, Spain, January 29, 2024. - REUTERS/Albert Gea/File Photo

TOKYO: The proposed new European sanctions targeting transshipments of Russian liquefied natural gas (LNG) are unlikely to impact Asian buyers, Kadri Simson, European Commissioner for Energy, has told reporters here.

As part of a 14th package of sanctions on Russia over its war on Ukraine, the European Union (EU) proposed to ban re-loading services by EU facilities for transhipment of Russian LNG to third countries. This does not affect imports into the EU.The EU would also ban new investments and the provisions of goods, technology and services by EU operators for the completion of LNG projects under construction such as Arctic LNG and Murmansk LNG.

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