Sanctioned Russian LNG Finds Buyers in Asia at Deep Discounts

Russia has offered several cargoes of liquefied natural gas from Novatek’s Arctic LNG 2 facility to South Asian buyers, Bloomberg has reported, noting the facility is under U.S., EU, and UK sanctions. Citing unnamed sources, the publication wrote today that the LNG was offered at discounts of up to 40% to spot market prices, which have surged recently because of the LNG supply disruption resulting from the U.S. and Israeli war against Iran. Also, per the Bloomberg sources, the cargoes were offered via intermediary companies from China and…