EU ban on Russian gas, LNG spot imports begins

The European Union’s ban on spot imports of Russian natural gas and LNG entered into force March 18, commencing the first in a series of stepwise halts under the landmark legislation approved in January to sever the EU from its once-central gas supplier. Restrictions on Russian flows will ratchet up further across the next two years. Imports under short-term contracts will end in the coming monthsThe European Union’s ban on spot imports of Russian natural gas and LNG entered into force March 18, commencing the first in a series of stepwise halts under the landmark legislation approved in January to sever the EU from its once-central gas supplier. Restrictions on Russian flows will ratchet up further across the next two years. Imports under short-term contracts will end in the coming monthsRead More