Russia's Yamal LNG Ships First Cargo to China in Months as EU Ban Nears

The Yamal LNG export plant in Russia has shipped its first cargo to China in five months as the EU launches in a few weeks a stepwise plan of banning imports of Russian natural gas. Yamal LNG, operated by Russia’s top LNG producer and exporter Novatek, had the Geneva carrier loaded in recent days and en route to China with an estimated time of arrival May 15, according to LSEG data cited by Reuters. Yamal LNG shipments would be allowed into the EU for a few more months as the export facility is not under sanctions, unlike Arctic…