Russia’s Yamal LNG Declares Force Majeure On Some Europe Cargoes

Russia’s Arctic Yamal Trade Pet has declared force majeure on some liquefied natural gas cargoes contracted to a former Gazprom trading unit in Europe in accordance with the Kremlin’s new sanctions, Bloomberg reports, citing unnamed sources.  According to Bloomberg sources, the sanctions only affect some shipments to Gazprom Marketing & Trading Ltd (GM&T), the trading unit of Gazprom Germania GmbH, which was expropriated by the German government recently.  GM&T has a 20-year contract with Russia’s Yamal LNG…