1 Year on, Russia-Ukraine War Still Shadows Energy Deals
Energy attorney Ram Sunkara spoke with Law360 about the impact of the Russia-Ukraine war on the energy deal-making environment. Mr. Sunkara and other industry professionals explained that while the conflict has stifled traditional oil and gas mergers and acquisitions, it has opened the floodgates to deals in the liquefied natural gas (LNG) space. This has been demonstrated by the European Union's decision to reduce its heavy reliance on gas and compete with traditional LNG buyers in Asia for supplies in the U.S. and elsewhere.
"Capital continues to pour into import and export terminals globally," said Mr. Sunkara. "And I've seen a lot of contracts executed for LNG sales internationally in the last year."
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