LNG

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.

Greece has warned EU sanctions against the transhipment of Russian LNG to third countries could surrender market share to non-European rivals, as EU envoys postponed talks on the bloc’s 21^st sanctions against Russia to July 23.

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.