The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom.

The European Parliament called on the EU to introduce a full embargo on Russian liquefied natural gas and sanctions against Gazprom and Russian oil companies. The MEPs advocate adding to the sanctions lists the Arc-7 ice-class ships that export Russian LNG and the rest of the shadow fleet, with which Russia serves its energy projects in the Arctic and circumvents sanctions by exporting oil.

The deputies also called for the introduction of sanctions against Russia’s nuclear sector and persons guilty of nuclear safety violations at the occupied Zaporizhzhia NPP.

At the same time, top managers at Novatek and Russian government officials are jointly looking for new sales markets and ways to transport LNG from the Arctic, offering discounts of up to 40%. However, most potential customers are wary of cooperation due to the risk of secondary sanctions from the US.

In response, Russia developed a shadow fleet for gas transportation through a network of companies that own tankers for gas transportation. Some of these companies are registered in India and UAE.