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Simply earlier than the summer season, the 27 EU member states agreed to ban the transshipment of Russian LNG. From March 2025, LNG from Russia might not be transferred in European ports onto different ships that take the cargo to different components of the world. This could give a blow to the revenues Russia earns from the sale and transport of LNG.
Belgium is a celebration concerned because of the LNG terminal in Zeebrugge, an vital transshipment level in Europe. Throughout the preparation of the sanctions, the concerned companies discovered that extra coordination is required. It should nonetheless be attainable to switch LNG for transport to different member states inside the EU.
Belgium is due to this fact urging for a communication and transparency mechanism. One of many attainable routes might be that there’s automated acceptance of the cargo, supplied that the shipper of the cargo can show upfront that he has permission to dock at one other terminal within the EU.
It’s about safeguarding honest competitors with the opposite member states that transship LNG, but in addition about stopping Russia from exploiting loopholes inside the EU to bypass sanctions.
To stop this, Belgium can be engaged on a system to hint and comply with the origin of the fuel. Our nation insists that different member states additionally introduce a management system. “The sanctions have to be efficient to forestall the Russian warfare machine from persevering with to be fueled,” stated Van der Straeten.
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