Stuart Charlton Elliot

Nov 13, 2024 | spglobal.com | Sakshi Jalan |Hassan Butt |Stuart Charlton Elliot

The supply of Russian LNG into Europe continues at a steady rate, with a number of EU countries still taking cargoes in the absence of EU-wide sanctions against imports. But EU sanctions banning the transshipment of Russian LNG at EU ports for delivery to non-EU countries will come into effect at the end of March 2025, while a ban on Russian LNG into EU terminals not connected to the gas grid is already in effect. Not registered?

Feb 24, 2023 | spglobal.com | Stuart Charlton Elliot

Russia's Gazprom -- which until recently dominated the European gas market -- reduced supplies to a minimum through 2022, losing most of its market share in the process and triggering a huge gas production decline. Gazprom has limited options for diverting gas that used to be piped to Europe to other markets, but that is not to say that it won't try.