G7 and EU to ban restart of Russian gas pipelines

The G7 and European Union ( EU)will ban Russian gas imports on routes where Moscow has cut supplies, according to officials involved in the negotiations, the first time pipeline gas trade has been blocked by western powers since the invasion of Ukraine

According to "Financial Times" newspaper reported that the decision, which G7 leaders will finalize at a summit in Hiroshima starting on Friday, will prevent the resumption of Russian gas exports via pipelines to countries such as Poland and Germany, where Moscow cut off supplies last year

By 2030, total global LNG capacity will grow by 50% to 671 million tons per annum - and Russia's share is expected to drop to 5% from the current 6.7%.

In 2021, before its invasion of Ukraine, Russia was the world's largest exporter of gas, as well as the fourth largest exporter of liquefied natural gas after Australia, Qatar and the United States.

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G7 and EU to ban restart of Russian gas pipelines