From the editor: Russian LNG isn’t leaving Europe fast [Gas in Transition]

Summary

NGW’s view is that these proposed restrictions are unlikely to impact Russian LNG flow to Europe in the next few years, in light of opposition from the top three importers of Russian LNG in the EU.

 The European Parliament earlier this month approved a legal option that will allow member states to block Russian companies from booking regasification capacity, marking the first time that the bloc has specifically targeted the country’s lucrative LNG supplies to the continent. On top of this, the European Commission is also discussing EU-level sanctions on Russian LNG, media outlets reported this week. According to Bloomberg, these sanctions would include restrictions on key upcoming Russian LNG projects such as Arctic LNG-2, and a b…