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Thu Mar 16, 2023, 01:10 AM

Russia's gas exports under threat due to US sanctions

Gas exports from Russia are facing serious problems due to US sanctions imposed in February, which prohibit the supply of any gas turbines and components to Russia. The critical dependence of Russian gas megaprojects, including the Power of Siberia and the Turkish Stream, on Western technologies and the inability to quickly replace them may lead to a reduction in gas exports to Russia’s remaining major consumers – China and Turkey. Problems with the maintenance of existing gas pipelines and the implementation of future projects were admitted by market participants in a conversation with the Russian newspaper Kommersant.

The publication notes that until February 2023, American components entered the Russian market, despite diplomatic disagreements and the sanctions war. However, with the new package of sanctions, this flow has stopped. At the same time, the success of the commissioning and operation of Russia's largest export megaprojects - the Power of Siberia and Turkish Stream gas pipelines, which use the technologies of the American company Baker Hughes, hinges on these American components.

In the February package, Washington introduced a ban not only on direct deliveries of turbines, but also on indirect, including re-export. Now if a foreign company subsequently transfers turbines or components for them to Russian citizens or Russian legal entities will fall under secondary sanctions. Ekaterina Makeeva, Partner and Head of the Russian law firm A-PRO which specializes in sanctions locicies, notes that the February sanctions introduce a preventive ban on the supply of such equipment and components, and it will be almost impossible to obtain permission for their supply.

Read More: https://uawire.org/russia-s-gas-exports-under-threat-due-to-us-sanctions

Shutting down Russia's major oil projects. Thank you President Biden!!!

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Reply Russia's gas exports under threat due to US sanctions (Original post)
blue-wave Thursday OP
GregariousGroundhog Thursday #1
Rhiannon12866 Thursday #2

Response to blue-wave (Original post)

Thu Mar 16, 2023, 10:28 AM

1. There's another goodie in that same article:

The problem is further complicated by the fact that some Russian power plants use Western turbines. There are similar power units at separate stations - from Yuzhno-Sakhalinsk CHPP-1 "RusHydro" to Surgut GRES-2 "Unipro". These projects may also face problems due to new sanctions from the United States.

If Russia has difficulty maintaining gas turbines for power plants, that may strangle their ability to maintain or expand heavy industry.

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Response to GregariousGroundhog (Reply #1)

Thu Mar 16, 2023, 08:54 PM

2. Excellent point!

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