According to the government in Moscow, Russian companies will soon redirect part of their liquefied natural gas deliveries from Europe to Asia. The companies did not want to wait for further sanctions from Brussels and were reorienting themselves eastwards, said the deputy head of government responsible for energy issues, Alexander Nowak. He named India, Thailand, the Philippines and China as possible partners for long-term contracts.

Because of the Iran war they are Gas prices have recently risen significantly. Since shipping traffic in the Persian Gulf is restricted by the war and the future of oil and gas production in this region is currently uncertain, the world markets reacted with violent price swings for raw materials.

Following Putin’s instructions, the government has now decided in discussions with companies that “part of the volume of liquefied gas that today goes to Europe and the European markets will be reoriented to other markets where there is now a need and constructive, pragmatic relationships will be built with us,” said Nowak.

Relations between Russia and the EU are due to the Putin The war in Ukraine that has been going on since 2022 has been heavily burdened. The EU has imposed sanctions on Russia that the Kremlin has described as an “economic war.” Gas deliveries have fallen sharply – although Europe still imported liquefied natural gas worth 7.4 billion euros from Russia last year. From November 2027, the EU wants to completely ban Russian gas imports.