After Oil, Russia May Now Be Building a Shadow Fleet for Gas

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Bloomberg News

Russia,Shadow Fleet,Equasis

(Bloomberg) -- In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to...

-- In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to do the same for liquefied natural gas.FedEx Stokes Investors With Hint of a Freight Deal

In the tight-knit LNG industry, several times smaller than the oil market, it is highly unusual for an unfamiliar name to procure specialized carriers that can cost hundreds of millions of dollars. At least three of the tankers also have their insurers listed as “unknown” on the International Maritime Organization database — another characteristic of dark-fleet ships.

North Way is currently arriving at the Zeebrugge terminal in Belgium to receive a shipment of Russian gas, according to port data. Such transfers have “been going on at the Kildin anchorage north of Murmansk for years,” he added, referring to the Russian port above the Arctic Circle . Last year there were 13 transfers at the anchorage; between Jan. 1 and April 30, there were already 10, he said.Russia, currently the fourth-largest LNG exporter, has every reason to press ahead in its effort to find alternative routes to market.

Russia Shadow Fleet Equasis

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia Oil Revenue Rose 50% in May as Nation Adapts to SanctionsRussia’s oil proceeds to the state budget increased almost 50% in May from a year ago, as its crude prices rose and the nation adapted to international sanctions.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

After Oil, Russia May Now Be Building a Shadow Fleet for GasIn the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to do the same for liquefied natural gas.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil holds near 4-month low on signs of rising U.S. stockpilesOil held losses near a four-month low as an industry report pointed to an increase in U.S. crude stockpiles, adding to bearish sentiment compounded by OPEC+’s plan to boost supply.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil steady as geopolitical tensions rise before OPEC+ meetingOil steadied after a two-day gain despite increased tensions in the Middle East after the death of an Egyptian soldier during a clash with Israeli troops.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil gains as geopolitical tensions rise ahead of OPEC+ meetingOil steadied after a two-day gain despite increased tensions in the Middle East after the death of an Egyptian soldier during a clash with Israeli troops.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil price news: Oil extends gain as geopolitical risks simmer before OPEC+ talksOil extended gains as another attack on a ship in the Red Sea added to heightened geopolitical tensions in the Middle East ahead of an OPEC+ meeting.
Source: BNNBloomberg - 🏆 83. / 50 Read more »