European Gas Steadies as EU Considers Exiting Russian LNG
- EU Officials are discussing a gradual ban on Russian LNG
- Bloc aims to adopt a new package of measures next month
A liquefied natural gas carrier arrives in the port of Sines, Portugal, on Jan. 13.
Photographer: Zed Jameson/BloombergThis article is for subscribers only.
European natural gas steadied after a drop in the previous session as traders assessed a report that the European Union is considering phasing out Russian LNG as part of a fresh package of sanctions.
Benchmark futures closed little changed after losing nearly 3% on Tuesday. Exiting Russia’s liquefied natural gas could be done either through sanctions or as part of a road map that the bloc’s executive arm is set to present next month, people familiar with the matter said.