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Russian LNG Exporter Halts Some Shipments to Former Arm of State Giant Gazprom

  • Liquefied gas venture declared force majeure on some cargoes
  • Move comes after former Gazprom trading unit seized by Berlin

Russia’s Yamal LNG venture, which produces liquefied natural gas in the country’s Arctic region, has started halting shipments to a former Gazprom trading unit due to sanctions imposed by Moscow.

Yamal Trade Pte has declared force majeure on some of the cargoes it sold to Gazprom Marketing & Trading Ltd., according to people familiar with the matter. The legal clause -- which allows the company not to fulfill its contractual obligations -- wasn’t triggered for the whole contract, but on a cargo-by-cargo basis, the people said.