21 Russian Arctic LNG cargoes come to EU ports
After the latest sanctions package hit a wall in the form of Hungary’s opposition, research from Germany’s non-profit environmental research organization, Urgewald, shows that the February liquefied natural gas (LNG) export figures related to Russian Arctic LNG cargos, which flowed to the European Union (EU), spotlight that European infrastructure and maritime services are still at the forefront of Russia’s LNG export revenues.
While the UK has introduced some new sanctions on Russian LNG, it has imposed nothing on the Arc7 tanker fleet, the vessels said to be at the very heart of Yamal LNG operations. The EU has so far been unable to act due to Hungary blocking the latest sanctions package. However, campaigners are calling on both the UK and EU to close the remaining loopholes without delay.
Vladimir Putin suggested on March 4 that Russia could halt gas supplies to Europe and redirect exports to other markets, linking the move to the EU’s planned ban
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