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Russia revises gas output forecasts amid US sanctions risks
Russia is revising its natural gas production and export forecasts downward. According to a draft government document, Russian natural gas production this year is projected to reach 683.1 billion cubic metres, a decrease from previous projections. Seaborne liquefied natural gas (LNG) exports are also expected to rise at a slower pace than previously anticipated, reaching an estimated 35 million tons this year.
Simultaneously, the European Union faces potential energy supply disruptions due to the Lindsey Graham Sanctions Act signed by US President Donald Trump. The act allows for tariffs of up to 100% on countries that continue to purchase Russian oil or natural gas. While the EU is attempting to phase out Russian energy and refill gas storage to 80% by November, these new US sanctions create uncertainty for European companies and governments still exposed to Russian gas markets.
The European Commission has stated it expects the new US law not to impose new commercial barriers on the bilateral EU-US relationship.
Entities
Donald Trump · European Union · Kaja Kallas · Lindsey Graham Sanctions Act · Russia
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The European Commission expects the Graham law not to create new commercial barriers between the EU and the US. www.euronews.com
- [○ 1 SOURCE] Russian natural gas production is projected to reach 683.1 billion cubic metres this year. stratnewsglobal.com
- [○ 1 SOURCE] Russian seaborne liquefied natural gas (LNG) exports are projected to rise to 35 million tons this year. stratnewsglobal.com
- [○ 1 SOURCE] President Donald Trump signed the Lindsey Graham Sanctions Act. www.euronews.com
- [○ 1 SOURCE] The European Union is working to refill gas storage levels to at least 80% by November. www.euronews.com
- [○ 1 SOURCE] Russia’s economy ministry expects lower natural gas production and exports this year compared to previous forecasts. stratnewsglobal.com
- [○ 1 SOURCE] The Lindsey Graham Sanctions Act allows for tariffs of up to 100% on countries purchasing Russian oil or natural gas. www.euronews.com