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Sakhalin-2 Buyers to Now Use Gazprombank

LNG

Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, according to Bloomberg reports.

  • Sakhalin Energy LLC, the new operator, sent settlement instructions to customers for paying in US dollars to Gazprombank, according to documents seen by Bloomberg.
  • Payments were previously being made to non-Russian banks.
  • Buyers are now checking they can pay Gazprombank without breaking sanctions. Japan is one of the biggest buyers from the project.
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Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, according to Bloomberg reports.

  • Sakhalin Energy LLC, the new operator, sent settlement instructions to customers for paying in US dollars to Gazprombank, according to documents seen by Bloomberg.
  • Payments were previously being made to non-Russian banks.
  • Buyers are now checking they can pay Gazprombank without breaking sanctions. Japan is one of the biggest buyers from the project.