Osaka Gas says US sanctions on Gazprombank will not disrupt Russian LNG purchases

Osaka Gas announced that new U.S. sanctions on Gazprombank will not affect its liquefied natural gas (LNG) purchases from Russia's Sakhalin 2 project. The company’s president stated they do not use Gazprombank for financial transactions. The U.S. imposed these sanctions as part of ongoing measures against Russia due to its invasion of Ukraine. This development comes as President Biden increases pressure on Moscow before leaving office in January. Osaka Gas has a long-term contract for LNG from Sakhalin 2 and remains confident that its settlement process will continue without disruption.