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Russian LNG trade faces growing headwinds
The EU’s 14th round of sanctions against Russia are reportedly considering a ban on the trans-shipment of Russian LNG via EU facilities. This measure would primarily impact shipping operations from the 17.5 mtpa Yamal LNG facility. In 2023, 19.2 bcm (~71%) of Yamal LNG’s loadings were delivered to a European terminal (including Turkey), with 7.6 bcm (~28%) delivering directly into Asia. However, estimates suggest upwards of 4 bcm of volume delivered into Europe was not actually sent into the European grid, but instead transhipped (primarily at Zeebrugge and Montoir) to markets further afield. The following ... (full story)