Written By Mary Mumbua 📝
The International Gas Union (IGU), whose Russian members included Gazprom and Novatek, has suspended any participation by Russian entities in its activities.
According to a Ukrinform correspondent, Interfax made the relevant statement, referring to representatives of the World Gas Congress (WGC).
As a result, the Korea Gas Union, which is hosting the WGC 2022, is unable to engage further participation of Russian entities in the WGC 2022 for speaking, delegation participation, exhibition involvement, or sponsorship.
Russia’s largest gas market players, Gazprom and Novatek, used to take part in the WGC many times. Their leaders, Alexey Miller and Leonid Mikhelson, were expected to act as speakers at the congress in South Korea.
According to the data from Gazprom, the company intended to spend RUB 137 million to build an exhibition stand in South Korea’s Daegu. Novatek was also planning to build its own exhibition stand.
The IGU is made up of 160 gas industry associations and corporations that account for more than 95 percent of the global gas market.
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