- BIST10011,722-2.89%
- USD49.42+0.06%
- EUR55.41+0.20%
- GOLD4,186.70+0.40%
- INTEREST37.00%-1.00
- BITCOIN81,660-0.57%
- October 17, 202611°
- BIST10011,722-2.89%
- USD49.42+0.06%
- EUR55.41+0.20%
- GOLD4,186.70+0.40%
- INTEREST37.00%-1.00
- BITCOIN81,660-0.57%
- October 17, 202611°
EU ban will extend Russian LNG shipping to Asia to 50-80 days
The European Union's ban on Russian LNG, which will take effect on January 1, 2027, will require exports to be redirected to Asian markets. While Europe currently accounts for about half of Russian LNG exports, the new routes could require a fleet of up to 45-55 tankers and transit times of 50-80 days.
The European Union's ban on Russian liquefied natural gas will take effect on January 1, 2027. Because Europe accounts for about half of Russian LNG exports, the decision will require Moscow to redirect its shipments to Asian markets.
China, India, Japan, South Korea, Thailand and the Philippines are among the alternative markets. While transporting Russian LNG to Europe takes 17-20 days, the journey on Asian routes could take 50-80 days.
Redirecting exports to Asia could require a fleet of 45-55 LNG carriers.
Stay Updated with RuskiGazeta
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
