Norway adamant to drill in Barents Sea to sustain production
Norway's energy minister Terje Aasland has insisted on the country’s sovereign rights to drill in the Barents Sea to sustain oil and LNG exports at current levels until 2035, even though the EU is debating a moratorium.
Dynagas-linked ships delivered €2.35bn Russian LNG to EU ports
The Greek shipowner Dynagas has shipped 35 percent of all Yamal LNG volumes to European ports between January and July 2026, worth an estimated €2.35 billion, after Greece secured an exemption on the EU’s 21st sanction package for qualifying Russian LNG transport.
Greece warns EU ban on Russian LNG cedes market share to rivals
Greece has warned EU sanctions against the transhipment of Russian LNG to third countries could surrender market share to non-European rivals, as EU envoys postponed talks on the bloc’s 21st sanctions against Russia to July 23.
Fayard shipyard urged to stop servicing Russia’s Arc7 LNG tankers
Danish shipyard Fayard and CEO Thomas Andersen has been urged to halt all repair and maintenance work on Russia’s ice-class Arc7 LNG carriers, as servicing carried out in 2026 risks extending the vessels’ operational lifespan beyond the EU’s sanctions deadline.
Spanish terminal calls on EU to delay ban on Russian LNG
Spain’s Bilbao port chief has urged the European Union to delay its 2027 ban on Russian LNG, arguing the bloc needs “more resilience” and noting Russian cargoes are often cheaper than U.S. supplies.
GECF dismisses EU methane rules penalising LNG imports
The European Union cannot set climate rules for the rest of the world as it moves to penalise LNG imports based on methane emissions, Philip Mshelbila, secretary general of the Gas Exporting Countries Forum (GECF) said at the Reuters Global Energy Forum in New York.
All Russian LNG trade banned for EU operators from 2027
Trading and reselling Russian LNG will be forbidden for EU-based companies starting from 2027 – regardless if the Russian LNG is destined for the European Union or not, EU Energy Commissioner Dan Jorgensen specified.
Hormuz LNG transit risk boosts chances for Russia-China pipeline
Persistent disruptions to LNG flows through the Strait of Hormuz bolster Russia’s chances of getting the Power of Siberia II pipeline built. A 2032 startup would give Gazprom a new major outlet, as the EU’s 2027 ban on Russian LNG reshapes Moscow’s long-term export strategy.
Arctic LNG 2 builds out tanker fleet to ease logistics strain
Arctic LNG 2 is expanding its tanker fleet to re-route exports to Asia ahead of the EU’s planned 2027 ban on Russian LNG imports. The Novatek-led project is estimated to need up to 40 additional LNG carriers to sustain Arctic LNG 2’s targeted export volumes beyond 2026.
EU power price held stable at €90/MWh despite LNG crunch
Though the Middle East conflict disrupted 80 mtpa of LNG exports, fuel diversification helped stabilise gas and power prices across Europe’s five major markets at over €90/MWh in March, while month-ahead gas prices peaked at $19/MMBtu in April.
