Proposed EU sanctions on Russian liquified natural gas (LNG) would mark the first step toward the bloc's total phaseout of Russian natural gas by 2027, while further complicating Moscow's LNG expansion plans. But the European Union remains unlikely to significantly curb its imports of Russian gas until new global LNG supply comes online in 2026. According to media reports, the European Commission is drawing up plans to impose restrictions on Russian LNG as part of its 14th sanctions package against Moscow for its invasion of Ukraine. The restrictions will reportedly include a ban on transshipments from EU ports to third countries, along with sanctions on three Russian LNG projects -- Arctic LNG 2, the UST Luga LNG terminal and the Murmansk plant -- that are still in development. EU sanctions need unanimous approval by member states, which are set to discuss the proposal in early May. Two of Europe's largest...
