Russia's exports of LNG for January-August are up 13.7% on an annual basis
The Arctic LNG 2 project has contributed to a 13.7% increase in Russia's liquefied gas exports in the first eight-month period of 2026. In the first eight month of this year, the same data revealed that the Arctic LNG 2 Project had supplied 2.8 million tons. Total Russian LNG exports in?August rose by 29% on an annual basis to 2.58 millions?tons. Data also revealed that Russian LNG exports to Europe in the period January-August grew 10.7% on an annual basis to 10.3 millions tons. In August, the exports fell to 0.5 million tonnes from 0.6 millions tons a year ago.
TotalEnergies CEO: Arctic LNG 2 plant to be closed in Russia
Patrick Pouyanne, the CEO of TotalEnergies, announced on Thursday that it would be selling its stake in Russia's Arctic LNG 2 facility. He told analysts during a call on the second quarter results that the transfer of Total's stake of 10% to Nordline, which is a subsidiary owned by the majority owner of the Novatek plant, had been approved by Russian authorities. Total has retained ownership of key Russian LNG plants following Western sanctions against Russia in the aftermath of the invasion of Ukraine.
TotalEnergies CEO: We earn $400 million per year by selling Russian LNG
PARIS, 23 July - The CEO of TotalEnergies, who spoke to analysts on a Thursday'results' call, said that the French oil major earns around $400 million annually from selling cargoes of liquefied gas from Russia's Yamal LNG plant. TotalEnergies has kept its stakes since Moscow's invasion of Ukraine in 2022, but deconsolidated them, so that the money does not appear in official reports. The European Union is importing record-high volumes of LNG from Russia's largest LNG plant Yamal. However, EU sanctions will begin to ban these imports next year.
TotalEnergies CEO: Arctic LNG 2 plant to be closed in Russia
* CEO: 'It is in the company's best interest. Patrick Pouyanne, the CEO of TotalEnergies, announced on Thursday that it would be selling its stake in Arctic LNG 2 in Russia. He told analysts on a call about the second quarter results that the transfer of Total's stake of 10% to Nordline, which is a subsidiary owned by the majority owner of the plant, was approved by Russian authorities and would be completed soon. Total retained ownership of key Russian LNG plants after Western sanctions were imposed on Russia following the 'invasion of Ukraine.' However…
Data shows that Russia's LNG imports will increase by 9.9% during the first half of 2026.
The preliminary LSEG data showed that Russia's liquefied gas exports grew 9.9% - in the first half of this year - to 16.6 million metric tonnes, boosted mainly by the growing supply resulting from the new Arctic LNG 2 project. Due to seasonal maintenance, exports in June fell by 1.5% compared to a year ago and 37% compared to May, to 2.03 million tons. This is due to the Asia-oriented Sakhalin-2 facility. According to LSEG ship tracking data, Sakhalin-2 is controlled by Russian gas?company Gazprom and has suspended LNG exports as of June 17 due to planned maintenance.
EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter
According to a letter that was seen on Thursday, EU-based firms will be prohibited from selling Russian Liquefied Natural Gas next year even if the buyers are located outside of the EU. While the European Union has voted to end the import of Russian gas in 2027 as a response to Moscow’s war against?Ukraine several EU-based firms holding long-term Russian LNG contracts have stated that these rules, along with sanctions against Russia were unclear on whether firms would be able to?divert those cargoes outside the EU.
EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators
EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not," said the letter dated June 1 from the office of EU Energy Commissioner Dan Jorgensen, addressed to Poten and Partners, a shipping brokerage and…
TotalEnergies is silent about the Russian decision approving the sale of Arctic LNG 2 stake
According to a Wednesday decree, Russian President Vladimir Putin approved the sale by TotalEnergies of a 10% share in the sanctioned Arctic LNG 2 Project to Nordline LLC. TotalEnergies has declined to comment on the sale and made no statement about it, unlike in previous divestments. The decree mentions two Russian registered entities called Nordline LLC. Both are linked to private Russian LNG producer Novatek. Novatek did respond immediately to a comment request. Western firms are leaving Russia.
TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's TotalEnergies to a company called Nordline LLC, according to a decree published on Wednesday.TotalEnergies declined to comment and has not issued any statement on a sale, unlike previous divestments from Russia.Reuters has identified two Russian-registered entities named Nordline LLC, both linked to private Russian LNG producer Novatek, the majority owner of Arctic LNG 2…
Data shows that Russian LNG exports rose 11.5% from January to May.
The preliminary LSEG data on Monday showed that Russia's exports grew by?11.5% from January to May compared to a year ago, reaching 14.5 million metric tonnes. This was due to a strengthening of supplies from the Arctic LNG 2 Project. Total Russian LNG exports jumped by 23% in May compared to a year earlier, reaching 3.12 million tonnes. According to LSEG, this is the highest monthly shipment level since December 2023 when a record export of 3.2?million?tonnes of LNG was recorded. According to data, Arctic LNG 2 supplied 1.4 million tonnes in the first five months of the year. Due to U.S.
June Exports of CPC Blend Fall to 1.45 million bpd
The Caspian Pipeline Consortium (CPC) plans to export about 1.45 million barrels per day (bpd) of CPC Blend crude in June, down from around 1.8 million bpd expected in May, due to planned maintenance at Kazakhstan’s giant Kashagan oilfield, three industry sources said.June loadings would be about 17% lower on a daily basis than in May, which is set to hit a multi-month high, according to Reuters calculations.CPC does not comment on operational shipment data.According to sources…
Data shows that Russian LNG exports increased by 8.6% from January to April.
The preliminary LSEG data on Tuesday showed that Russia's liquefied gas exports grew 8.6% from January to April to 11.4 millions metric tons compared to the same period last year. This was due to the supplies from the Arctic LNG 2 Project, which reached a million tons during the first four month of this year. U.S. sanctions against Moscow for the Ukraine conflict has slowed Russian LNG exports. This is especially true at the Arctic LNG 2, where operations have been hampered due to a lack of buyers.
Forbes reports that Russian billionaires have increased their wealth by 11% in a single year, despite the war and sanctions.
Forbes Russia reported that Russian billionaires have increased their wealth 11% to a record $696.5 Billion over the last 'year, despite the conflict in Ukraine and the toughest Western sanctions ever imposed on any major economy. The richest Russian men are linked to the natural resources Russia has been exporting to global markets over the years. Their wealth has increased as disruptions in trade have led to a rise in commodity prices. Forbes named Alexei Mordashov as Russia's richest millionaire. His fortune was $37 billion, an increase of $8.4 billion from the previous year.
Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Severny Inzhiniring, or Northern Engineering, which was set up on March 25, according to the registry.Novatek did not reply to a request for comment.Western sanctions imposed in 2022 significantly limited the availability for Russia of ice-class tankers
Data shows that Russia exported more LNG to Europe in the first quarter.
The first quarter of 2026 saw Russia export more liquefied gas than it had a year earlier. Shipments to Europe increased despite Moscow's efforts to "redirect" supply away from the region. LSEG preliminary data on Wednesday showed that LNG exports grew by 8.9% in the past year to 8,6 million metric tonnes. U.S. sanctions on Moscow for the Ukraine conflict has restricted Russian LNG exports. This is especially true at the Arctic LNG 2, where operations are being hindered due to a lack of buyers. The Arctic LNG 2 plant supplied around 800,000 tons of LNG during the first quarter of this year.
Russia's Threatens to Divert LNG Cargo From Europe, Options Limited
Russia's threat to halt liquefied natural gas (LNG) deliveries to Europe and divert cargoes to Asia would prove difficult to achieve because of its long-term contracts and need for more Arctic-class tankers, industry analysts said.President Vladimir Putin said in a TV interview early in March that Russia could stop gas supplies to Europe with immediate effect and seek longer-term commitments from other buyers.The impact of the U.S.-Israeli war on Iran has caused a surge in gas prices…
Russian LNG Tanker Sinks in Mediterranean
A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on Wednesday after what Moscow described as an attack by Ukrainian drones launched from Libya.The Arctic Metagaz sank in waters between Libya and Malta after catching fire a day earlier, Libya's maritime rescue agency said in an advisory seen by Reuters."Information indicates that the tanker experienced sudden explosions followed by a massive fire, which ultimately led to its complete sinking," the agency said.Ukraine has frequently targeted Russian oil refineries and other energy infrastructure in an attempt to de
Russia accuses Ukrainian drones of attack on LNG Ship in Mediterranean
The Russian transport ministry accused Ukrainian drones on Wednesday of attacking the Arctic Metagaz, a Russian LNG carrier that caught fire in a Mediterranean sea?a day before. It would be the first attack on a Russian LNG ship by Ukraine if confirmed. The Security Service in Ukraine did not reply to a comment request. Ukraine has repeatedly targeted Russian oil refineries and energy infrastructure to 'deprive'?Russia of funding. The Russian transport ministry confirmed that all 30 crew members were safe.
NYT: Trump's ally Novatek signs deal with Russia on natural gas in Alaska
The New York Times reported that American financier 'Gentry Beach', who is a close friend of Donald Trump's family, had signed an agreement last fall with Russia's Novatek to develop natural gas for Alaska during the Western sanctions against Russia. Trump and Russian President Vladimir Putin held talks in Alaska in August to end Russia's war against Ukraine. On the sidelines of negotiations, U.S. officials and Russian officials discussed a number of?potential deals in energy.
Data shows that Yamal LNG has resumed transhipments in the vicinity of Murmansk.
LSEG data showed on 'Thursday that Yamal LNG has resumed ship to ship?liquefied gas operations near a port in the Arctic called Murmansk. This could mean a possible resumption for the first time of this winter of fuel exports into Asia. Ship-to-ship allows the company to optimize the use of expensive ice-class tankers during the winter when the Northern Sea Route, which runs along the Russian Arctic coast, is restricted. This?scheme is used to export goods to Asia. The LSEG data…