Sanctioned Russian LNG Ship Fails Four-Month Quest for Buyer
Live MintA vessel carrying a sanctioned shipment of Russian liquefied natural gas appears to be offloading the fuel into storage in the nation’s far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey. The Pioneer tanker, carrying a cargo from Russia’s Arctic LNG 2 facility, docked next to the Koryak floating storage unit in Kamchatka on Thursday, according to ship-tracking data compiled by Bloomberg. Pioneer was spotted on satellite images picking up the first shipment from the Arctic LNG 2 facility in early August — despite camouflaging the move with misleading location information — but then spent well over four months hunting for a customer. While several shipments have been exported from Arctic LNG 2, Russia’s newest facility, all have used dark fleet vessels and none have docked at a foreign port, as potential buyers fear retaliation from the US. Arctic LNG 2 was forced to temporarily shut production in October due to a lack of both buyers and vessels able to navigate the facility’s icy waters.
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