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Finland's state-owned energy firm Gasum will cease importing liquefied natural gas (LNG) from Russia starting July 26, in compliance with the latest EU sanctions.

[1][2][3][4][5] Gasum stated that the EU sanctions do not allow it to terminate its existing contract with Gazprom Export, but constitute a "force majeure" that prevents the company from purchasing or importing Russian LNG to its off-grid terminals. [4][5] This move is part of the EU's efforts to restrict Russia's energy exports and revenues in response to the invasion of Ukraine.

Citations:
[1] https://www.energyintel.com/00000190-5011-d1e4-a79d-5fdb21190000
[2] https://www.linkedin.com/posts/lng-prime_finlands-gasum-says-to-stop-russian-lng-activity-7211620649901969408-oIPd
[3] https://lngprime.com/contracts-and-tenders/finlands-gasum-says-to-stop-russian-lng-imports/115529/
[4] https://oilprice.com/Latest-Energy-News/World-News/Finlands-Energy-Firm-Gasum-to-Halt-Russian-LNG-Imports-amid-EU-Sanctions.html
[5] https://www.reuters.com/business/energy/finlands-gasum-stop-russian-lng-import-line-with-sanctions-2024-06-25/

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