Russia extends permit for LNG supplies to Germany’s SEFE until 2040

Russia extends permit for LNG supplies to Germany’s SEFE until 2040

  • This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

The Russian government has extended a permit for its Yamal LNG plant to supply liquefied natural gas (LNG) to German nationalised 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 GAZP.MM nationalised 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.

Advertisement:

The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.

ngc.co.tt

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 NVTK.MM is facing sanctions and delays at its new Arctic LNG 2 project.

 

(Reporting by Vladimir Soldatkin; Editing by Jan Harvey)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *