EU Hammers Final Nail in Russian LNG Coffin

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

A fifth round of EU sanctions imposed last week may prove to be the final nail in the coffin for Russia's LNG expansion plans, threatening roughly 26 million tons per year of proposed incremental capacity. That's because the measures, introduced in response to Russia's "brutal aggression against Ukraine and its people," include a ban on key liquefaction equipment for which Moscow has no domestic equivalents.

LNG Projects, Sanctions
Wanda Ad #2 (article footer)
A further increase in gas hub indexation in piped gas and LNG contracts highlights its importance for flexibility and security of supplies.
Tue, Sep 26, 2023
Heightened gas market volatility and uncertainty in the wake of the Ukraine War has reinforced the major's preference for LNG offtake agreements and backfill projects over equity developments.
Tue, Sep 26, 2023
A series of new LNG-fueled power plants is expected to reduce coal consumption at the Taichung Power Plant by one million tons per year.
Mon, Sep 25, 2023