Osaka Gas Says U.S. Sanctions on Gazprombank Won't Affect Russian LNG Purchases
(Reuters) — Osaka Gas' settlement process for procuring liquefied natural gas (LNG) from the Sakhalin 2 project in Russia will not be impacted by the new U.S. sanctions on Russia's Gazprombank, the Japanese city gas provider's president said.
The United States imposed new sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January.
Osaka Gas, which buys the super-chilled fuel from the Sakhalin 2 LNG project under a long-term contract, does not expect the U.S. sanctions to affect its transactions, President Masataka Fujiwara told reporters on Friday, noting the utility does not use Gazprombank for settlement.
Related News
Related News

- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments