UK’s National Grid seeks clarity on LNG’s inclusion in port block of Russian vessels

Britain’s National Grid (LON:NG), which operates the Isle of Grain liquefied natural gas (LNG) terminal said it is seeking to understand if a block on Russia-related vessels, announced by the British government on Monday, includes LNG shipments.

Britain on Monday ordered its ports to block any vessels that are Russian-flagged or believed to be registered, owned or controlled by any person connected with Russia as it ratcheted up the pressure on Moscow.

“We are supportive of government action to order UK ports to block all Russian-linked ships, and are seeking to understand if this includes LNG terminals and Russian-linked cargo,” a spokesperson said in an emailed statement.

The spokesperson said the decision as to whether Britain accepts LNG from Russia sits with the government’s Business, Energy and Industrial Strategy (BEIS) department and its customers.

“We have a legal, contractual obligation to receive our customers’ vessels into our terminal, and do not have any control over the origin of the LNG they contain.” the spokesperson said.

The Christophe de Margerie tanker had been scheduled to arrive at the Isle of Grain terminal from Russia on March 4 but Refinitiv Eikon shipping data showed its destination has changed now changed to France.

Russia was Britain’s third-largest supplier of LNG in 2021, BEIS data showed, at around 21.5% behind top supplier Qatar and the United States.

Overall Britain gets less than 5% of its total gas demand from Russia but Russian gas supply to Europe has a big influence over British gas prices.