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Russian Arctic LNG 2 Project Partners are Sanction Targets
The United States has imposed sanctions on hundreds of entities and individuals for supporting Russia's war effort in Ukraine, including companies supporting the development of Russia's Arctic LNG 2 project and its shipment of liquefied natural gas (LNG), as well as other future energy projects.The Arctic LNG 2 project by Russia's Novatek is subject to Western sanctions over Russia's conflict with Ukraine.
Russia Opts for Ship-To-Ship LNG Transfers to Free Up Ice-Class Tankers
Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Barents and Bering Seas to free up more ice-class tankers for its biggest LNG producer, Novatek, a draft project document showed on Tuesday.Novatek has been pressing ahead with its new Arctic LNG 2 project despite Western sanctions restricting access to the tankers it needs to carry LNG along the Northern Sea Route to Asian markets.
LNG Carriers Shift Away from Arctic Routes as Winter Nears
Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa's Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed on Thursday.Russia's new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea Route, although some such tankers still sail it.According to LSEG data, the conventional gas tanker LNG Megrez loaded at Yamal LNG plant on Oct.
Russia Looks Into Nuclear-Powered Submarines as Alternative for Gas Export
Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses nuclear-powered ice breakers to pave the way for such transport via the NSR, which runs along Russia's Arctic shores from Murmansk in the west to the Bering Strait in the east…
Russia Designing Nuclear-powered Submarines to Transport Gas from the Arctic
Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses nuclear-powered ice breakers to pave the way for such transport via the NSR, which runs along Russia's Arctic shores from Murmansk in the west to the Bering Strait in the east…
Sanctioned LNG Carrier Passes via Suez Canal
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday.The source of the LNG and Palau-flagged Pioneer's destination were not immediately clear. The tanker is registered to Zara Shipholding Co, which has offices in Dubai and India's Mumbai.Shippers have largely…
Britain's New Shipping Sanctions Take Aim at Russian LNG Sector
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU. Since then, the project has been forced to slash production," the government statement said."Today’s…
Loadings Picking up at Russia's Arctic LNG 2
The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine. Novatek has said media allegations the company was involved in establishing and managing a "shadow fleet" for the Arctic LNG 2 project were untrue.On Sept.
US Slaps Sanctions on Vessels Linked to Russia's Arctic LNG 2
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.Novatek may be forced to scale back the project following a a raft of U.S.
Sanctioned Ship Spotted Transferring Arctic LNG 2 Cargo
A U.S.-sanctioned gas tanker that picked up a cargo from Russia's new Arctic LNG 2 plant this month has been spotted carrying out a ship-to-ship transfer, suggesting Moscow is managing to continue some exports from the project.Monitoring service TankerTrackers.com said in an X post on Monday that the Pioneer had conducted a transfer to the Palau-flagged, UAE-owned and Indian-managed New Energy tanker north of the Suez Canal.The Arctic 2 LNG plant…
EU to Place Sanctions on 19 Energy-Related Ships Including LNG Vessels
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday.EU countries adopted the 14th package of sanctions against Russia earlier on Monday. These included a ban on trans-shipments of Russian LNG off EU ports that will take effect after 9-month transition period.
US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S.
Russia's Arctic LNG 2 Last Line is on Hold
The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies' said.The liquefied natural gas (LNG) project in the Russian Arctic has faced challenges from U.S. sanctions imposed on the project last November over the conflict in Ukraine, and subsequent force majeures by shareholders.At the end of 2023 Arctic LNG 2 started tentative production at its first train…
SHI Stops Making Blocks for Russian Shipyard's LNG Carriers
Samsung Heavy Industries (SHI) said on Tuesday it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval.Samsung is nearing the end of making the blocks and equipment for the five ships, a Samsung spokesperson said on Tuesday.For the remaining 10 ships, Samsung has stopped m
Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday.The project, seen as a key element in Russia's drive to boost its LNG global market share to 20% by 2030 from 8%, was already facing difficulties due to U.S.
Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNG…
US Working with Allies Over Sanctions on Russian Arctic LNG Project
The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine.
Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts and…
Japan Responds to Fresh Sanctions on Arctic LNG 2
Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project is operated by Russia's Novatek while Japanese trading company Mitsui & Co and state-owned Japan Organization for Metals and Energy Security (JOGMEC) hold a combined…
Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown
Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8, according to a message posted via the transparency page of Norwegian gas infrastructure operator Gassco. Equinor halted production after it detected a gas leak on a cooling circuit valve.
