TOKYO : Proposed new European sanctions targeting transhipments of Russian liquefied natural gas (LNG) are unlikely to impact Asian buyers, Kadri Simson, European Commissioner for Energy, told reporters in Tokyo on Monday.
FILE PHOTO: European Energy Commissioner Kadri Simson speaks as she attends a joint press conference with Ukrainian Energy Minister German Galushchenko , amid Russia's attack on Ukraine, in Kyiv, Ukraine, May 6, 2024. REUTERS/Maksym Muzychenko-Kishka/File PhotoTOKYO : Proposed new European sanctions targeting transhipments of Russian liquefied natural gas are unlikely to impact Asian buyers, Kadri Simson, European Commissioner for Energy, told reporters in Tokyo on Monday.
The EU would also ban new investments and the provisions of goods, technology and services by EU operators for the completion of LNG projects under construction such as Arctic LNG and Murmansk LNG. Countries including Belgium, Germany and France have asked the commission for assessments on whether the ban may hit the Russian economy more than the EU's, according to diplomats.
"It only means that Russia has to use alternative vessels to serve their third country customers that will be more expensive for Russia but otherwise it doesn't withdraw volumes away from global markets," she added.
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