TotalEnergies to Shift Yamal LNG Exports Beyond EU
Mikhelson reported on TotalEnergies' plans to distribute gas from 'Yamal LNG' on markets outside the EU.
Consensus
- TotalEnergies intends to distribute gas from the Yamal LNG project outside the EU after 2027.
- The EU has imposed a ban on Russian LNG imports, effective from 1 January 2027.
- The 21st sanctions package allows European companies to fulfill existing long-term contracts for Russian gas.
- Yamal LNG is a joint venture with NOVATEK owning 50.1%, TotalEnergies 20%, CNPC 20%, and SRF 9.9%.
- The Yamal LNG project includes a 16.5 million ton per year facility and an additional 990,000 ton per year line using NOVATEK's 'Arctic Cascade' technology.
Points of divergence
- The EU's ban on Russian pipeline gas will take effect on 30 September 2027. — vedomosti
- The EU ban on Russian LNG imports applies to contracts concluded for up to one year, with the full ban on long-term contracts effective from 1 January 2027. — interfax
- TotalEnergies wants to 'take all and sell it'. — interfax
Coverage (3 sources)
- Mikhelson: TotalEnergies plans to distribute gas from 'Yamal LNG' outside the EU — Ведомости
- Mikhelson: TotalEnergies plans to supply gas from 'Yamal LNG' to markets outside the EU — Коммерсантъ
- Mikhelson reported on TotalEnergies plans to distribute gas from 'Yamal LNG' on markets outside the EU — Интерфакс