MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI: FED BALANCE SHEET TOTAL ASSETS -$16B TO $7.208T IN WEEK

MNI: US TSY TICS NET FLOWS IN MAY +$15.8B

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Russia’s LNG Hopes Hit by Sanctions and Scarce Arctic Tankers

LNG

Russia’s hopes of boosting LNG shipments to offset lost pipeline flows to Europe may be hampered by a shortage of gas tankers, as well as sanctions, analysts told Reuters.

  • Russia wants to raise its share of global LNG supply to 20% by 2030 from its current 8%.
  • Novatek declared an FM over supplies from its future Arctic LNG-2 project following US sanctions on it. The EU may also follow with sanctions.
  • Artic-LNG 2 has a planned capacity of 19.8m mt. While the first cargoes were planned in Q1 2024, analysts told Reuters that this will be delayed till at least Q2 2024.
  • Another issue is a lack of ice-class tankers. These would be required to cut through the 2m ice along the arctic route to Asian markets like China.
  • Only three suitable vessels have been built for Arctic LNG-2 and analysts expect the infrastructure will not be ready by 2030.
Energy BulletsCommodities
Energy BulletsCommodities

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.