Russia LNG Discount Disappears in Asia as Sanction Fears Subside
- Sakhalin-2 sells LNG cargoes for December around market price
- China has boosted purchases from Russia as others less eager
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Russian liquefied natural gas is no longer being sold at discounts in Asia, indicating fears from buyers over sanctions or reputational damage are subsiding.
Sakhalin Energy LLC sold three LNG cargoes for loading in December in the last week at roughly current market prices, with one at a premium, according to traders with knowledge of the matter. For comparison, several cargoes were being offloaded in September at a deep discount to the spot price at the time.