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South Korea warns UK over planned ban on Russian LNG shipping
['Anton Kulikov', 'Andrey Nikolaev', 'Lyuba Lulko', 'Guy Somerset']
PravdaReport - World
South Korea warns UK over planned ban on Russian LNG shippingSouth Korea has expressed concern regarding the United Kingdom's plan to implement a total ban on insurance and maritime transport for Russian liquefied natural gas (LNG) starting in January 2027.
Photo: photozou.jp by 青空白帆, https://creativecommons.org/licenses/by/2.1/ LNG tankerThe primary risk for Seoul centers on the Sakhalin-2 project.
The state-owned Korea Gas Corporation (KOGAS) is bound by a long-term contract to purchase gas from the island until 2028.
Parameter Details Supply Object LNG from Sakhalin-2 project KOGAS Contract Term Until 2028 UK Ban Effective Date January 2027The South Korean side reminded London that the European Union has already reached a compromise.
Both parties intend to maintain communication to find a resolution that avoids the cessation of gas supplies to South Korea.