LNG

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.

China has suspended LNG imports from the United States for 40 days in a tit-for-tat trade war, forcing traders to reroute shipments. No US LNG cargo is currently on route to China, Kpler data shows, and China Resources Gas International’s just secured alternative supply from Australia through a deal with Woodside.