Two LNG tankers seem to have conducted a ship-to-ship (STS) transfer outside the Strait of Hormuz, as suppliers seek to keep fuel moving from inside the Persian Gulf to global markets.

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Russia's first open sea ship-to-ship LNG transfer is becoming a blueprint for how companies close to the Kremlin can circumvent Western sanctions. Tanker ‘Perle’ carried out the transfer off Malaysia ten days ago, and analysts reckon similar transfers are planned as Russia seeks to redirect LNG cargoes from Europe to Asia in 2026.

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South Korean shipbuilder Hanwha Ocean has completed the world’s first ship-to-ship transfer of LNG between two vessels while both were on sea trials off Geoje Island. This operational breakthrough involved the new-built Maran Gas Syros and GasLog’s Woodside Jirrubakura.

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