The UK has imposed sanctions on 5 vessels and 2 entities involved in Russian LNG shipping, including from the Arctic LNG 2 project, aiming to constrain Russia's plans to expand its global LNG market share.
The EU's 14th sanctions package targets Russian economy, individuals, and circumvention efforts. It includes measures on energy, finance, trade, and transport sectors, aiming to support Ukraine and weaken Putin's regime.
As the EU prepares sanctions against Russian LNG, two of the bloc's largest importers remain worryingly silent on targeting the Kremlin's energy profits.
As Turkey's long-term natural gas contracts with Russia and Iran approach expiry, the country is turning to the US and ExxonMobil for a significant LNG supply agreement.