MNI BRIEF: Dombrovskis: Extended Debt Plan Would Help Germany

MNI BRIEF: EC Reviews Estonia Economic Imbalances

MNI China Daily Summary: Wednesday, December 18

CORRECTS-MNI INTERVIEW: CBRT To Cut 2-3 Times By Feb-Cangoz

MNI BRIEF: China Youth Umemployment Rate Fell In November

MNI CHINA MONEY MARKET INDEX: Easing Expectations Surge

US EIA: CRUDE OIL STOCKS EX SPR -0.93M TO 421.0M DEC 13 WK

MNI: US NOV HOUSING STARTS 1.289M; PERMITS 1.505M

MNI: US Q3 CURRENT ACCOUNT GAP -$310.9B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Sanctioned LNG Tankers from Arctic LNG 2 Wait in Sea of Japan

LNG
Energy BulletsBulletPower BulletsCommodities

Sanctioned LNG tankers Nova Energy, Pioneer and Asya Energy carrying Russian LNG remain in the Sea of Japan awaiting buyers with importers wary of US restrictions, according to Bloomberg.

  • The vessels all loaded at the Arctic LNG 2 facility in Russia which began exports in early-August but has been targeted by US sanctions.
  • Asya Energy has been in the sea between Japan and Russia since early-October.
  • No confirmed delivery of any of the cargos from Arctic LNG 2 has yet taken place.
  • “We are paying very, very close attention to where sanctioned Russian cargoes are heading,” said Geoffrey Pyatt at the US State Department. “We are coordinating very closely with our partners across the G7 and ports that are potential destinations for those cargoes.”
  • Failure to market Russian LNG cargos from Novatek’s Arctic LNG 2 already on the water in the Asia-Pacific region would represent a major setback and would effectively put Russia’s LNG expansion program on hold, according to OIES.
156 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Sanctioned LNG tankers Nova Energy, Pioneer and Asya Energy carrying Russian LNG remain in the Sea of Japan awaiting buyers with importers wary of US restrictions, according to Bloomberg.

  • The vessels all loaded at the Arctic LNG 2 facility in Russia which began exports in early-August but has been targeted by US sanctions.
  • Asya Energy has been in the sea between Japan and Russia since early-October.
  • No confirmed delivery of any of the cargos from Arctic LNG 2 has yet taken place.
  • “We are paying very, very close attention to where sanctioned Russian cargoes are heading,” said Geoffrey Pyatt at the US State Department. “We are coordinating very closely with our partners across the G7 and ports that are potential destinations for those cargoes.”
  • Failure to market Russian LNG cargos from Novatek’s Arctic LNG 2 already on the water in the Asia-Pacific region would represent a major setback and would effectively put Russia’s LNG expansion program on hold, according to OIES.