Taiwan set to wind down Russian LNG imports as contract expiry nears

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Taiwan is set to wind down its LNG imports from Russia as its contract for LNG purchases from the Sakhalin LNG project expires in March and other suppliers, such as oil majors, gradually pull back from trading Russian oil and gas. Russia was the third-largest LNG supplier to Taiwan, sending around 1.89 million mt of LNG in 2021 that accounted…