Russia’s Sakhalin Energy Investment Co offered its first spot liquefied natural gas (LNG) cargo to Asia since the country’s invasion of Ukraine a key test of how keen buyers in the region are to handle the nation’s fuel.
The company released a sales tender offering a cargo for late-April loading from the Sakhalin-2 project just north of Japan, said traders with knowledge of the matter, who asked to remain anonymous.
Shell PLC has joined other oil majors in announcing plans to exit Russia in the face of international pressure, including selling its stake in Sakhalin-2, but Japanese partners in the
There are indications that about 79 million tonnes per annum (MMTPA) of additional Liquefied Natural Gas will see the final investment decision (FID) this year.
Tight gas supplies, and uncertain Russian gas supplies mean sky-high prices for LNG suppliers now and a chance to lock in attractive contracts long term. But this opportunity won’t last forever.