Russia Extends Permit for LNG Supplies to Germany's SEFE Until 2040
(Reuters) — The Russian government has extended a permit for its Yamal LNG plant to supply liquefied natural gas (LNG) to German nationalized gas importer and trader SEFE until Dec. 31, 2040, according to a government document published on Friday.
SEFE, or Securing Energy for Europe, is the former German division of Russia's Gazprom nationalized by the Berlin government in 2022 at a cost of billions of euros following the start of what Moscow calls its special military operation in Ukraine.
Russia banned trade with a number of companies including Gazprom Germania in 2022, but a year later the government made a special dispensation for the company to allow the LNG sales until the end of 2024.
The decision to extend the permission was published as Russia's largest liquefied natural gas producer Novatek is facing sanctions and delays at its new Arctic LNG 2 project.
Related News
Related News
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
- Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
Comments