S&P Global EU Could FInalize Russia LNG Sanctions in June

, with sanctions targets to include shipments of Russian LNG, the European energy commissioner has told S&P Global Commodity Insights on Monday. The sanctions package adds three Russian LNG projects to the blacklist, including Arctic LNG 2, Ust-Luga and Murmansk, Energy Commissioner Kadri Simson told S&P Global Commodity Insights, adding that this sanctions package would be “the first one where we cover also partially LNG trade and specifically transshipments”.

'We have provided them assessment on how these measures will impact international LNG markets. Our assessment is that it doesn't have a major impact to global LNG markets and LNG markets right now are liquid enough to cover the demand even if we introduce our 14th package,” S&P Global quoted Simson as saying, expressing confidence that the package could be finalized in June.

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