The UK-Russian relations have quickly deteriorated over the past week after the UK said that a former double agent and his daughter were poisoned in England by a military-grade nerve agent of a type developed by Russia. The spy poisoning scandal turned into a diplomatic row and now threatens to spill into energy issues, after UK Prime Minister Theresa May said that Britain was looking “to other countries” for its gas supplies. The UK has gas supply contracts with Russia’s gas giant Gazprom, and although the British dependence on Russian gas supply is not as high as that of other European countries, the UK still relies on some Russian gas for its energy needs. The UK has also imported a liquefied natural gas (LNG) cargo from Russia’s newly started Yamal project, and re-exported another LNG cargo originating from Yamal. For now, UK gas traders remain unconcerned that the UK […]