Novatek

On March 25 Novatek founded the company Severny Inzhiniring to build ships and floating units itself. The move responds to a sanctions-related shortage of ice-class tankers for LNG transport; Ilja Luschtschikow will lead it. At the same time the Swesda shipyard is building Arc7 tankers for the Arctic LNG 2 project, in which Novatek holds 60% and for which a total of 15 Arc7 tankers are planned. » Más en de.investing.com

Four Democratic U.S. senators, led by Elizabeth Warren, warned that weak enforcement of sanctions has allowed Novatek to sell about 14 Arctic LNG 2 cargoes since August, with Chinese buyers receiving discounts of roughly 30–40%. The senators say these sales generate billions in revenue that help fund Russia's war in Ukraine and urged the administration to resume targeted sanctions and require congressional review of any sanction rollbacks. The State Department said it would carefully consider imposing sanctions but has not fully answered the senators' questions about the facility. » Más en yahoo.com

Novatek has ramped up LNG shipments from its Arctic LNG 2 facility to Asian markets, circumventing Western sanctions through alternative shipping routes and shadow fleets. The company faces ongoing challenges, including storage constraints, finding buyers, and tightening sanctions from the US and EU, while geopolitical instability in the Middle East boosts demand for Russian LNG in Asia. Calls are growing for the US and Europe to further restrict Russian energy exports to pressure Moscow over the Ukraine conflict. » Más en forbes.com