Novatek Executive Traveling to Brussels to Soften EU Stance on Russian LNG, Sources Say A senior Novatek executive is reportedly traveling to Brussels in an attempt to moderate Europe’s position on Russian liquefied natural gas. The EU remains a key destination for Russian LNG, but an increasing number of member states are working towards a ban.
Arctic Defense Ministers to Enhance Cooperation on Security and Defense in the Region The defense ministers and other representatives of the Arctic NATO countries, including the Faroe Islands and Greenland, recently met at the alliance's headquarters in Brussels. They discussed topical regional security issues and reaffirmed their shared commitment to increased cooperation in the Arctic.
EU Receives 100 Shipments of LNG and Gas Condensate from Yamal LNG Project Russia continues to send nearly the entirety of LNG and gas condensate production from Yamal LNG to Europe. Throughout the first 120 days of 2024, EU member states took delivery of almost 100 shipments – each valued in the range of USD 40 million.
Upcoming EU Sanctions Look Set To Block Transshipment of Russian LNG, But Allow Imports The EU looks set to target existing Russian production of liquefied natural gas for the first time as part of the upcoming 14th sanction package. While previous sanctions focused on inhibiting future LNG projects, attention could now begin to shift to already producing facilities.
