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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read