U.S. Sanctions Russian LNG Ships

This is a Russia news story, published by VOA, that relates primarily to Tom Marzec-Manser news.

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Arctic LNG

VOA

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US imposes new sanctions on Russian Arctic gas as Kremlin struggles to find buyers

Summary

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Analysts say Russia is struggling to find buyers for its liquefied natural gas from its Arctic LNG 2 project.

The U.S. State Department announced new sanctions Thursday on ships that transport Russian gas.

Analysts have been using satellite and ship-tracking data to monitor LNG vessels servicing the project.

Russia is looking for ways to circumvent the sanctions, says analyst Tom Marzec-Manser .

However, the state-owned gas giant Gazprom recorded a net loss of $6.9 billion in 2023 — its first annual loss in more than 20 years — as Moscow cut supplies to European customers following the invasion of Ukraine and the West ’s imposition of sanctions. The United States is now by far the world’s biggest supplier of LNG , with two-thirds of it exported to Europe ..