LNG

Novatek, the Russian operator of the Yamal liquefied natural gas plant at Sabetta in northern Siberia, said it was in talks to trans-ship its cargoes from Norway or the Russian port of Murmansk because it is unsure of the impact of US sanctions on the Chinese COSCO tankers it uses or US-listed shipping line Teekay LNG.

Russia delivered a record amount of liquefied natural gas to Europe in February from the Yamal export plant in the Arctic region and became the biggest monthly supplier to the continent for the first time, overtaking Qatar, Nigeria and Algeria.