#Lng

Ahead of the EU ban on Russian LNG, Turkey is stepping up talks with Novatek to redirect Yamal supplies to its market and explore potential winter arbitrage.

European gas prices have hit a four-year high amid supply disruptions in the Strait of Hormuz and record-low underground storage levels.

The UK will accelerate LMM missile deliveries to Ukraine to counter jet drones and introduce new sanctions against Russian LNG exports.

The war in the Middle East has paradoxically strengthened Russia's position in Europe. Due to disruptions in the Strait of Hormuz, Belgium fully switched to importing Russian LNG in July, despite the impending EU ban. ⛽🚢🌍

Europe risks failing to fill gas storage before winter: current reserve levels are only 54%. Major supplier Equinor warns: Asia is diverting LNG with higher prices, while Europe is forced to increase purchases from Russia. 📉🔥

The EU failed to agree on the 21st sanctions package against Russia due to Greece's position 🇬🇷. Athens fears that a ban on LNG transshipment will hit their fleet and hand markets to competitors outside the EU 🛑. Discussions have been postponed to July 23, while the oil price cap remains unchanged 🛢️.

Europe purchased a record 9.89 million tons of Russian LNG in the first half of 2026, paying about €6 billion for it. Experts link the surge to preparations for a full import ban starting in 2027, while supplies to Asia fell by 74% due to logistics and insurance risks. 🚢📉🇪🇺