Russia to target new LNG markets as EU ends imports

Russia will redirect its liquefied natural gas to new markets if they prove attractive. The Kremlin says the EU is hurting its own interests by ending imports.

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The Kremlin announced on Friday that Russia is prepared to pivot its liquefied natural gas exports entirely toward emerging markets if they offer attractive commercial terms. This statement comes as the European Union continues to advance its strategy to phase out imports of Russian energy.

An illustration from May 2022 depicts a model of an LNG tanker positioned before the Russian national flag. REUTERS/Dado Ruvic/Illustration
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