Update on Sakhalin LNG- Rouble for Gas Expansion?

Gazprom proposes adding LNG to rouble-for-gas scheme -Ifax

MOSCOW, July 4 (Reuters) – Russian gas producer Gazprom (GAZP.MM) has proposed expanding its rouble-for-gas scheme for pipeline gas to include liquefied natural gas (LNG), the Interfax news agency quoted a senior manager as saying on Monday.

The proposal from Kirill Polous, a deputy department head at Gazprom, comes after Russia moved to seize operations of the Sakhalin-2 LNG plant last week in retaliation for Western sanctions.

Russia accounts for around 8% of global LNG supply with 40 billion cubic metres of super-cooled gas per year coming mainly from Sakhalin-2 and Novatek’s (NVTK.MM) Yamal LNG, Russia’s largest LNG plant.

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