The sanctions apply to companies that have come under external management, but may affect LNG supplies to other countries.
Against the backdrop of discussions about the introduction of a new, sixth package of anti-Russian sanctions, Russia itself begins to block gas supplies to the EU. In particular, retaliatory sanctions were imposed against a number of companies in Europe – these are companies that were previously controlled by Gazprom, and then were transferred to external management.
In particular, the sanctions apply Gazprom Germania GmbH and related structures, which are now managed by the German energy regulator. A total of 31 companies are on the sanctions list – including EuRoPol Gaz, which owns the Yamal-Europe pipeline. This company belonged to 51.18% of the Polish PGNIG and 48.82% to Gazprom. The imposition of sanctions means that Russia will no longer transport gas through this pipeline.
This may mean the beginning of problems for gas supplies to Europe – now the first Nord Stream (loaded to the maximum), the Ukrainian GTS (capacity has decreased by 30%) and partly the Turkish Stream remain for this.
The sanctions prohibit any transactions with companies that fall under them, as well as payments to them, transactions with securities and the entry of their ships into Russian ports.
The problem is that these counter-sanctions dealt (perhaps accidentally) a blow to Russian companies. The former division of Gazprom fell under sanctions GM&T Singapore – through it, the company supplied 2.9 million tons of LNG purchased per year from the project Yamal LNG (owned by NOVATEK) to Indian Gail.
Still under sanctions Gazprom Global LNG – Through it, Gazprom sold up to 1 million tons of LNG per year from the Sakhalin-2 project. Due to restrictions, it will be impossible to work through these traders, because the sanctions directly prohibit the export of raw materials outside of Russia in favor of persons subject to sanctions. No one can say how Russian LNG supplies will go now.
Most likely, Russia is preparing to live in new realities, when no one expects an increase in gas supplies to Europe. Accordingly, all work will consist in the redistribution of supply flows of an ever smaller volume of gas through the remaining routes. At the same time, the EU is still discussing only the rejection of Russian oil (phased with a delay for several countries). There is no talk of a complete renunciation of Russian gas in the near future.