Moscow will use other routes to export liquefied natural gas (LNG) after the ban on re-exports via the European Union (EU) comes into effect, said Artyom Studennikov, director of the Russian Foreign Ministry's 1st European Department.
 |
| Russia seeks new export routes after EU LNG ban. (Source: Financial Times) |
Mr. Studennikov stated: "A large volume of Russian gas is re-exported through European ports outside the EU, mainly to Asia-Pacific countries. Specifically, the majority of Russian LNG is re-exported to Asian countries through the port of Zeebrugge in Belgium under a contract with the gas transport company Fluxys.
We will use other routes. We have no shortage of partners who want to buy LNG."
The energy market is always volatile and governed by the laws of supply and demand, the diplomat added.
“We will act based on contractual obligations and take into account the specific wishes of energy market participants.
It is clear to us that this re-export ban is purely political and has little to do with the interests of ensuring the energy security of European countries, in which Russian LNG still occupies an important position in the energy balance of a number of countries," said Mr. Studennikov.
In June 2024, the EU adopted its 14th package of sanctions targeting Russian LNG exports for the first time.
The 27-member bloc banned the re-export of Russian LNG in its waters, and banned new investment and the provision of services to LNG production projects in Russia.
The sanctions will take effect in March.
Source: https://baoquocte.vn/bi-eu-cam-nga-noi-lng-khong-thieu-nguoi-mua-se-tim-duong-khac-de-xuat-khau-304148.html
Comment (0)