EU Prepares LNG Sanctions Concession for Greek Shipper Dynagas
Quick Look
The EU is reportedly preparing to allow Greek shipping company Dynagas to continue transporting Russian LNG to third countries for 12 months, capping volumes at 2025 levels, as part of its 21st sanctions package, following opposition from Greece and other member states seeking exemptions.
AI-generated summary
Why It Matters
The EU is preparing its 21st sanctions package against Russia, but member states like Greece, Germany, Portugal, France, Italy, and Austria are seeking exemptions for various sectors, including shipping, fish, visa policies, and banking.
LONDON, July 23. /TASS/. The Greek shipping company Dynagas is set to receive authorization to continue transporting Russian-produced liquefied natural gas (LNG). The European Union is prepared to make concessions as part of its 21st package of sanctions, the Financial Times (FT) reported, citing sources.
The agreement, which still requires approval from the 27 EU member states, will allow companies to continue transporting Russian LNG to third countries for 12 months with the possibility of extension, though volumes will be capped at 2025 levels, according to the report.
Politico said on Wednesday that EU authorities had run out of ideas for new measures to be included in the 21st package of sanctions against Russia, as such measures would harm the bloc’s member states. The Financial Times reported on July 19 that Greece opposed new sanctions since the European Commission’s ban on transportation of Russian LNG could hit the shipping company Dynagas. In turn, Germany and Portugal are seeking exemptions for the purchase of Russian fish, France and Italy want a relaxation of visa policies, while Austria has once again requested the unfreezing of assets linked to Raiffeisen Bank.
What to Watch
AI outlook — possibilities, not facts
Dynagas will receive authorization to transport Russian LNG for 12 months.
Very likely · Within weeks
The 21st EU sanctions package will include concessions for several member states.
Very likely · Within weeks
Open Questions
- Will all 27 EU member states approve the agreement?
- What are the exact 2025 volume caps for LNG transport?
- Will other member states receive their requested exemptions?
