Novatek’s Yamal LNG facility has resumed shipments to China for the first time since late last year. According to LSEG tracking data, the Arctic-based project is shifting its focus away from European markets, which have historically been its primary buyers, as the EU prepares to implement a phased ban on Russian gas imports.
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Russia’s Gas Pivot: Yamal LNG Resumes Shipments to Asia
Executive Summary
Novatek’s Yamal LNG has sent its first cargo to China since November. This shift occurs as Europe prepares to ban Russian gas imports, forcing the Arctic project to pivot away from its main market.
