For the first time, China accepted a cargo of gas from a Russian plant subject to sanctions
A tanker with a cargo of liquefied natural gas (LNG) from a Russian sanctioned terminal arrived at a Chinese port for the first time. This reports Bloomberg agency.
The ship Arctic Mulan, which was carrying gas from the Arctic LNG 2 plant in northern Russia, docked at the Beihai LNG terminal on Thursday, according to data from Bloomberg on tracking the movement of ships.
The Arctic LNG 2 plant, against which US President Joe Biden’s administration imposed sanctions, began trading fuel through the so-called “shadow fleet” last year. However, no ships have previously entered import terminals due to buyers’ fears of falling under American restrictions.
The Arctic LNG 2 project, led by Novatek PJSC, is key to Russia’s plans to triple LNG exports by 2030 and find new markets after a sharp cut in pipeline gas supplies to Europe.
The US, in addition to pressuring India through purchases of Russian oil, has so far refrained from tougher measures against buyers of Russian LNG in an effort to facilitate a ceasefire in Ukraine. US President Donald Trump said that his meeting with Vladimir Putin in August was “extremely productive”. Arctic Mulan loaded a batch of LNG from a floating storage facility in eastern Russia at the beginning of June. This fuel was delivered there from the Arctic LNG 2 plant.
We will remind you that last summer Arctic LNG 2 sent eight batches of gas, but in October it had to stop work due to lack of buyers and seasonal ice formation. Then the ships shipped fuel to Russian warehouses.
