Steep Discount On Russian LNG Disappears ...Middle East

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Steep Discount On Russian LNG Disappears
Russian LNG suppliers have recently sold LNG cargoes in Asia at close to the prevailing spot market prices, suggesting that fears of sanctions on Russia’s LNG exports have nearly disappeared, traders familiar with the recent deals told Bloomberg on Thursday. Earlier this year, buyers in Asia were purchasing LNG from Russia at heavy discounts amid concerns about potential sanctions or price caps on Russian LNG. Russia’s gas exports are not under any sanctions, but buyers in the West have largely preferred to source LNG from other providers…

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