Russia is reportedly building a shadow fleet to transport liquefied natural gas (LNG) around the world in response to Western sanctions. Little-known Dubai-based firms have acquired at least 8 vessels in the past 3 months for this purpose. The move is seen as an attempt to boost revenue from the lucrative LNG market.
After Oil, Russia Is Now Building a Shadow Fleet for Gas In the past three months, the ownership of at least eight vessels has been transferred to little known firms in Dubai Four recently built ice-class vessels have transferred ownership to a Dubai firm called White Fox Ship… https://t.co/BqRSza129R https://t.co/vPytKNMnNU
Just as Russia created a dark fleet to ship its oil, it now appears to be amassing a shadow fleet of LNG tankers. https://t.co/7Uu1Duykyv
“There are several indications pointing to efforts by #Russia to create a dark fleet for #LNG,” said Malte Humpert, founder of the Arctic Institute, a Washington, D.C.-based think tank. https://t.co/GnTdbMKLKJ
🇷🇺 RUSSIA IS BUILDING A SECRET SHADOW FLEET TO EXPORT NATURAL GAS Russia is reportedly covertly amassing a shadow fleet to transport liquefied natural gas (LNG) to circumvent US / EU sanctions. This clandestine operation involves transferring vessel ownership to obscure… https://t.co/lpjP6ZJ8Fg
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 LNG 🇷🇺🚢 In the past 3 months, the ownership of at least 8 vessels were transferred to a web of unknown companies in Dubai https://t.co/Ae6jetg4xh
After Oil, #Russia May Now Be Building a Shadow Fleet for Gas Little-known Dubai-based firms have been accumulating ships Move could help Russia boost revenue from lucrative LNG market https://t.co/GelFQoshuD
There is growing evidence that Russia is building a shadow fleet to ship liquefied natural gas around the world to avoid Western sanctions https://t.co/QVQf2AYQLH
RUSSIA SHOWS SIGNS OF BUILDING LNG SHADOW FLEET AMID SANCTIONS
India and China top buyers of Russian fuel oil in May, LSEG data shows India and China were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in May, traders said and LSEG data showed. Russian fuel oil and VGO seaborne exports last month rose…