LNG..

 

The EU will not attempt to fully ban Russian liquefied natural gas purchases in its latest sanctions package, two EU diplomats told POLITICO, defying pressure to outlaw imports of the supercooled fuel.

The European Commission is set to formally present its 16th sanctions package against Russia to EU capitals on Wednesday, according to the two diplomats, who were granted anonymity to speak freely.

The proposal will not include a blanket prohibition of LNG imports, as EU hawks have been urging. Instead, it would only stop Russian LNG from going to EU terminals not connected to the EU’s gas system — a restriction that won’t affect the majority of LNG imports.

Comment:

It seems that as the Biden team is gone, who canceled Nord Stream 2, and was ok with destruction of Nord stream 1, and the inflated prices of oil and natural gas, the EU is looking into their economic prosperity, low inflation and proper energy supplies.  Just a thought.