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The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, the EU executive said earlier in May.
Russia's Arctic LNG 2 plant, currently under U.S. sanctions, has shut down its first production train because reservoirs are full in the absence of tankers to load.
Australia Pacific LNG has agreed to cut the liquefied natural gas (LNG) price on sales to China's Sinopec for the remaining 10 years on their contract.
China's rising natural gas output and pipeline supply are slowing its liquefied natural gas (LNG) imports this year, capping prices in the region, but industry executives expect LNG demand from its ...