Dynagas granted Russian LNG carve-out
Greece-based Dynagas will be allowed to keep shipping Russian LNG to third countries under the EU’s new sanctions package, in a 12-month exemption that caps volumes at 2025 levels.
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.
Novatek kicks off summer Arctic LNG export season
Russia’s Novatek has begun its 2026 summer Arctic LNG shipping season with simultaneous eastbound cargoes from its Yamal LNG and Arctic LNG 2 projects via the Northern Sea Route – in the face of Western sanctions and ongoing technical constraints at Arctic LNG 2.
China readies second terminal for Arctic LNG 2 cargoes
PipeChina is gearing up to add a second regasification terminal for cargoes from Russia’s sanctioned Arctic LNG 2 project. The newly built Longkou LNG terminal in Shandong province meant to receive shipments before October.
Britain to announce new sanctions affecting Russian LNG
The British government is anticipated to announce new sanctions today targeting Russia’s illicit shadow fleet for oil and LNG, following the interception of a sanctioned Russian oil tanker in the Channel on Sunday. The move could disrupt a segment of LNG trade that relied on opaque shipping and financing channels.
EU ban on Russian LNG takes effect
The first phase of the EU’s ban on Russian LNG has taken effect this weekend, removing an initial slice of the 20.3 bcm imported in 2025 at a time when European buyers are already competing for replacement cargoes for lost Qatari supply.
Novatek net profits plunge amid lower prices, Western sanctions
Russia's largest LNG producer Novatek has reported a sharp 63% drop in net profit, citing lower commodity prices, Western sanctions, and operational disruptions at its Ust-Luga terminal following a Ukrainian drone attack. 2025 net profits fell to 183 billion roubles ($2.37 billion), down from 493 billion roubles in the previous year.
Arctic LNG 2 ramp-up could crash TTF prices
“Full exports from Arctic LNG 2 would crash the TTF,” Energy Aspects warns, arguing European gas markets would not be able to absorb the wave of additional supply without requiring US LNG shut-ins to balance.
Markets bearish as more Russian LNG tankers head to China
Traded LNG markets are hedged between two risks – winter weather and further shipments from Russia’s sanctioned Arctic LNG 2. Six more vessels are headed to China with estimated arrivals between now and early October, Energy Aspect understands.
First sanctioned Arctic LNG 2 cargo arrives in China
The tanker ‘Arctic Mullan’, carrying LNG from Russia’s Arctic LNG 2 terminal, has berthed at Beihai regas terminal in China’s Guangxi province. If unloaded, it would be the first Western-sanctioned LNG cargo ever received abroad.
