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War in Ukraine Drives LNG Import Demand, Restructuring of Gas Markets
In July, a ship carrying liquefied natural gas was turned away from the port of Bahía Blanca, Argentina, because it carried supplies from Russia, which has come under international sanctions since its invasion of Ukraine in early 2022. A source from Argentinian state-owned energy company Energía Argentina told S&P Global Commodity Insights that the state-owned bank in charge of paying for the supplies, Banco de la Nación Argentina, halted the offloading of the cargo — which came from Geneva-based commodity trading company Gunvor — after discovering that the gas was from Russia. “We took the decision in the ... (full story)