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Russian LNG Volumes Unlikely to Face Much Impact If EU Sanctions Approved: Kpler

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The EU is in discussion about the 14th sanctions package against Russia as it aims to ban transhipments (STS) and re-exports via EU ports. However, it is likely to struggle to gain a unanimous decision on the ban throughout the bloc.

  • Currently, Russian LNG transshipments and re-exports occur in Russian waters and at two EU ports: Montoir in France and Zeebrugge in Belgium according to Kpler.
  • Most of these volumes are purchased by Asian buyers – mainly China.
  • Even if approved, the sanctions packed would unlikely hit volumes due to other options for STS locations according top Kpler.
  • The more significant impact will be felt in the shipping sector, where involved parties will need to rethink their vessel optimization strategies.

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The EU is in discussion about the 14th sanctions package against Russia as it aims to ban transhipments (STS) and re-exports via EU ports. However, it is likely to struggle to gain a unanimous decision on the ban throughout the bloc.

  • Currently, Russian LNG transshipments and re-exports occur in Russian waters and at two EU ports: Montoir in France and Zeebrugge in Belgium according to Kpler.
  • Most of these volumes are purchased by Asian buyers – mainly China.
  • Even if approved, the sanctions packed would unlikely hit volumes due to other options for STS locations according top Kpler.
  • The more significant impact will be felt in the shipping sector, where involved parties will need to rethink their vessel optimization strategies.

Keep reading...Show less