Report: Russia LNG discount disappears in Asia

MOSCOW, Nov 10 (PRIME) -- Russian liquefied natural gas (LNG) is no longer being sold at discounts in Asia, indicating fears from buyers over sanctions or reputational damage are subsiding, Bloomberg reported on Thursday citing traders with knowledge of the matter.

Sakhalin Energy LLC sold three LNG cargoes for loading in December in the last week at roughly the current market prices, with one at a premium, according to the traders. For comparison, several cargoes were offloaded in September at a deep discount to the spot price at the time.

There currently are not any direct sanctions on Russian LNG over the war in Ukraine, with exports actually rising to a near record last month. While some long-time Asian customers, such as Japan and South Korea, stopped buying additional spot shipments from Russia earlier this year, China has boosted purchases.

Sakhalin Energy did not immediately respond to a request for comment.

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