Second Russia-built ice-class LNGC takes Northern Sea Route
A second Russian-build ice-class LNG carrier, the Konstantin Posiet, is heading to Asia via the Northern Sea Route, underscoring Moscow’s push to sustain Arctic LNG exports despite Western sanctions.
EU spends billions on Russian LNG despite full ban set for 2027
EU member states spent more than €7.2 billion ($8.4 billion) on Yamal LNG last year – despite a full ban on LNG imports coming into force on January 1, 2027. “Russia has no adequate alternative to the EU market,” Urgewalt analysts commented, noting more than three-quarters of all Yamal LNG exports currently go to Europe.
Sovcomflot continues LNG carrier fleet build-up with ice-class vessel financed by Russian bank
Sovcomflot, the Russian shipping line building up a fleet of LNG carriers, has signed a $260 million loan agreement with Russia’s VTB Bank to purchase an additional carrier to deliver cargoes for the Yamal liquefaction and export plant being built in the Arctic region.
