Russia’s Baltic LNG Plants Stop Exports as U.S. Sanctions Kick In
(Reuters) — Small-scale Russian producers of liquefied natural gas (LNG) located on the shores of the Baltic Sea, Portovaya LNG and Kryogaz-Vysotsk, have suspended LNG supplies, LSEG ship-tracking data showed on Thursday, as U.S. sanctions have kicked in.
Washington last month introduced new sanctions against Russia over the conflict in Ukraine, including against the two plants, with a grace period until February 27.
Kryogaz-Vysotsk, controlled by Novatek and Gazprombank, last dispatched a cargo on February 18, with delivery to Belgium's Zeebrugge terminal on February 22, LSEG data shows. LSEG data also shows that Portovaya LNG's last shipment was in mid-January.
Tankers that service the plants are all at sea, LSEG data shows.
Kryogaz-Vysotsk has an annual production capacity of 820,000 metric tons of LNG while Portovaya LNG can produce 1.5 million tons per year.
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