Russia’s Sakhalin-2 LNG Plant Asks Buyers to Pay Gazprombank
- Sakhalin-2 established a new Russia-based operator in August
- Putin is tightening control over key Russian energy assets
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Russia has asked buyers from its Sakhalin-2 LNG plant to pay Gazprombank JSC, throwing customers including Japan and South Korea into a dilemma over sanctions that threaten shipments.
Sakhalin Energy LLC, the new operator, sent settlement instructions to customers for paying in US dollars to Gazprombank, according to documents seen by Bloomberg. Gazprom PJSC owns just over 50% of Sakhalin Energy, while Gazprombank is the lending arm of Russia’s gas exporter.