Pure fuel costs: EU considers phasing out Russian LNG

Investing.com — The European Union (EU) is reportedly considering the elimination of Russian Liquefied Pure Gasoline (OTC:LNGLF) (LNG) as a part of a brand new set of sanctions, inflicting European pure fuel costs to fluctuate. Benchmark futures had been unstable on Wednesday, following the information.

The phase-out of LNG could possibly be carried out both as a sanction or as a element of a method that the EU’s government department plans to unveil subsequent month, in keeping with sources acquainted with the state of affairs.

Europe’s pipeline fuel imports from Russia have decreased over the previous few years. Nonetheless, in 2024, the continent imported document volumes of LNG from Russia.

Russian President Vladimir Putin has expressed a private curiosity within the gas and has pledged to keep up the nation’s exports regardless of the rising restrictions.

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