March 2, 2024 5:41 am

EU nation to ban Russian LNG imports — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

The embargo will come into force in 2025, Finnish Climate Minister Kai Mykkanen says

Finland will ban imports of Russian liquefied natural gas (LNG) from next year, Environment and Climate Minister Kai Mykkanen said on Friday in an interview with Helsingin Sanomat.

According to the minister, Helsinki intends to develop a regulatory framework this year, which will allow the embargo to be imposed.

“I wouldn’t like to set any specific date, but hopefully next year we will be in a situation where the ban comes into force,” Mykkanen said.

Finland’s state-owned energy company Gasum still receives LNG from Russia under the terms of the current contract. However, the amount of gas entering the Nordic nation has decreased over the past two years.

So far, imports of Russian LNG have been prohibited at Finland’s largest terminal, Inkoo, located on the south coast.

“Finland’s LNG imports from Russia have been small. This issue is not significant,” Mykkanen stressed.

In contrast to Helsinki’s small-scale purchases of Russian super-chilled fuel, it was previously importing Russian pipeline gas worth hundreds of millions of euros every month.

In September, Leonid Mikhelson – head of Novatek, Russia’s second-largest natural gas producer – said that Gasum had resumed LNG purchases in contracted volumes from the Kryogaz-Vysotsk plant controlled by the company, and was receiving 40% of all fuel produced at the facility.

Russia cut off pipeline gas supplies to Finland in May 2022, when Gasum refused demands to pay for gas in rubles.

The EU has not imposed sanctions on Russian LNG. Although pipeline gas imports to Europe decreased sharply in response to Moscow’s military operation in Ukraine, member states purchased record amounts of Russian LNG in 2023.

For more stories on economy & finance visit RT’s business section

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: EU nation to ban Russian LNG imports — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8