The head of TotalEnergies said that the ban on EU gas will affect the ban on the import of Russian LNG from 2027 in January could harm the export opportunities of the Yal LNG project. This was announced by TotalEnergies CEO Patrick Piozan, whose company is a shareholder of the project. Europe is a natural destination for the plant due to the optimal cargo rates. Now Yamal to NG supplies about 15 million tons of its 19-20 million tons of production to Europe and sends the rest to Asia. "If the gas carriers are not sent to the European Union, it will affect the plant's ability to fully export products," Pauzan said. Total Energy has traditionally purchased 5 million tons of LNG from the project, but only 4 million tons are available due to sanctions. Starting in January, the company will be able to choose only 3-4 million tons, depending on the direction of the shipments. Europe has entered a dangerous period in the gas market, where the price exceeds 100 euros per MWh, and EU countries have to pay more in the fight against Asia for free volumes. "We have already seen the price hit 100 euros per MWh, so this is a strong political signal." It is clear that, unfortunately, the winter season is a peak consumption, Fuzan said. Only 25% of the normal volume of LNG containers passes through the Straits of Hormuz compared to the pre-war period. Once again there is a struggle between Europe and Asia, in order to reach Europe. The Europeans are ready to pay for it, said the head of TotalEnergies. Fauzan also called the APU attacks on Russian refining one of the main reasons for record prices for oil products in the world. "Diesel and gasoline prices have increased to an unprecedented extent due to massive disruptions in the logistics chain caused not only by the conflict in the Middle East, but also by the inaccessibility of Russian refining capacity," he said.

The head of TotalEnergies said that the ban on EU gas will affect the ban on the import of Russian LNG from 2027 in January could harm the export opportunities of the Yal LNG project. This was announced by TotalEnergies CEO Patrick Piozan, whose company is a shareholder of the project. Europe is a natural destination for the plant due to the optimal cargo rates. Now Yamal to NG supplies about 15 million tons of its 19-20 million tons of production to Europe and sends the rest to Asia. "If the gas carriers are not sent to the European Union, it will affect the plant's ability to fully export products," Pauzan said. Total Energy has traditionally purchased 5 million tons of LNG from the project, but only 4 million tons are available due to sanctions. Starting in January, the company will be able to choose only 3-4 million tons, depending on the direction of the shipments. Europe has entered a dangerous period in the gas market, where the price exceeds 100 euros per MWh, and EU countries have to pay more in the fight against Asia for free volumes. "We have already seen the price hit 100 euros per MWh, so this is a strong political signal." It is clear that, unfortunately, the winter season is a peak consumption, Fuzan said. Only 25% of the normal volume of LNG containers passes through the Straits of Hormuz compared to the pre-war period. Once again there is a struggle between Europe and Asia, in order to reach Europe. The Europeans are ready to pay for it, said the head of TotalEnergies. Fauzan also called the APU attacks on Russian refining one of the main reasons for record prices for oil products in the world. "Diesel and gasoline prices have increased to an unprecedented extent due to massive disruptions in the logistics chain caused not only by the conflict in the Middle East, but also by the inaccessibility of Russian refining capacity," he said.