A surge in LNG tanker purchases by UAE-based companies has raised concerns that Russia may be building a dark fleet to circumvent sanctions.
A marked increase in LNG tanker purchases by companies registered in the UAE has sparked concern that Russia may be building a dark fleet for the liquefied fuel, the Financial Times has reported, citing tanker buying data. Windward, a risk consultancy cited in the report, found that since the second quarter of last year, companies registered in the United Arab Emirates had bought more than 50 LNG tankers.
The ship-tracking company said that some of the LNG tankers that changed hands in the past year are currently traversing routes that are commonly used to ship Russian gas to international markets. Russian LNG was the last energy commodity to become a sanction target for the European Union, not least because of the bloc’s continued—and politically awkward—reliance on that commodity. Indeed, Europe earlier this year was revealed as Russia’s biggest LNG buyer.
LNG Tankers Russia Dark Fleet Sanctions Europe Novatek Arctic LNG 2 Ship-Tracking
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