The European Union is negotiating a ban on Russian liquefied natural gas exports in its latest sanctions package, bolstering U.S. actions to restrict Russia's fossil fuel revenue, slow construction of new LNG terminals, and upend its ability to export the chilled gas to buyers overseas.
liquefied natural gas exports in its latest sanctions package, bolstering U.S. actions to restrict Russia’s fossil fuel revenue, slow construction of new LNG terminals, and upend its ability to export the chilled gas to buyers overseas.Russia’s energy revenues, which provide funding for its war in Ukraine.
Russia’s current shipping model for LNG routes many of its shipments to Asian buyers through ports in the EU countries of Spain, Belgium, and France, according to data compiled by the Centre for Research on Energy and Clean Air. The United States has slapped heavy sanctions on such projects, with a focus on Russia’s $25 billion planned Arctic LNG 2 facility in the Gydan Peninsula.
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