Russia's Yamal LNG plant is using a shadowy tanker for ship-to-ship transfers in the Barents Sea, potentially to circumvent sanctions targeting its Arctic LNG 2 project.
Yamal LNG, the plant of Russia n LNG developer and exporter Novatek , has begun using the Axios II tanker for ship-to-ship transfers in the Barents Sea , Reuters reports, citing vessel-tracking data from LSEG. Transshipments are used to free ice-class tankers by unloading LNG to conventional LNG vessels. But these STS operations are also often used to attempt to make cargo and vessel tracking more difficult.
Located in the Gydan Peninsula in the Arctic, the Arctic LNG 2 project was considered key to Russia's efforts to boost its global LNG market share from 8% to 20% by 2030-2035. Arctic LNG 2 has been basically on ice since the U.S. imposed in November 2023 sanctions on the Russian project. As a result, foreign shareholders suspended participation in Arctic LNG 2, effectively withdrawing from the financing of the project and for offtake contracts for the new plant.
Russia LNG Arctic LNG 2 Sanctions Barents Sea Ship-To-Ship Transfer (STS) Dark Fleet Novatek Ice-Class Tanker
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