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LNG: U.S. Sanctions Hitting Russian LNG

LNG
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U.S. sanctions are impacting LNG flows out of Russia’s Baltic Sea Portovaya LNG and Kryogaz-Vysotsk LSEG reports.

  • The plants had a grace period until Feb 27 under the latest sanctions.
  • Kryogaz-Vysotsk last dispatched a cargo on February 18 to Belgium, ahead of the grace period.
  • LSEG data also shows that Portovaya LNG's last shipment was in mid-January.
  • Its data shows that tankers that service the plants are all at sea.
  • Unlike oil and oil products, sanctioned Russian LNG is finding it much harder to develop workaround, putting future projects in jeopardy. 
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U.S. sanctions are impacting LNG flows out of Russia’s Baltic Sea Portovaya LNG and Kryogaz-Vysotsk LSEG reports.

  • The plants had a grace period until Feb 27 under the latest sanctions.
  • Kryogaz-Vysotsk last dispatched a cargo on February 18 to Belgium, ahead of the grace period.
  • LSEG data also shows that Portovaya LNG's last shipment was in mid-January.
  • Its data shows that tankers that service the plants are all at sea.
  • Unlike oil and oil products, sanctioned Russian LNG is finding it much harder to develop workaround, putting future projects in jeopardy.