{"id":1497248,"date":"2024-10-19T13:20:00","date_gmt":"2024-10-19T17:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1497248"},"modified":"2024-10-19T13:20:00","modified_gmt":"2024-10-19T17:20:00","slug":"russia-appears-to-use-dubai-based-firm-to-expand-shadow-lng-fleet","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/russia-appears-to-use-dubai-based-firm-to-expand-shadow-lng-fleet\/1497248\/","title":{"rendered":"Russia Appears To Use Dubai-Based Firm To Expand Shadow LNG Fleet"},"content":{"rendered":"

Russia Appears To Use Dubai-Based Firm To Expand Shadow LNG Fleet<\/span><\/p>\n

\n

By Charles Kennedy of OilPrice.com<\/a><\/em><\/p>\n

Russia appears to be trying to evade Western sanctions on its LNG tanker fleet by transferring ownership of vessels<\/strong> to a newly-created firm based in a free trade zone in Dubai, Bloomberg reported<\/a> on Friday.<\/p>\n

<\/a><\/em><\/p>\n

Three LNG tankers, previously managed by the Russian companies Gazprom and Sovcomflot, now have a new owner, a Dubai-based firm. The vessels Velikiy Novgorod, Pskov, and La Perouse saw aspects of their management transferred to Matias Ship Management, the newly established company in Dubai, in September, Bloomberg reported, citing global shipping database Equasis.<\/p>\n

Matias Ship Management\u2019s registered address is at the Meydan Hotel in Dubai, a free trade zone, where other companies suspected of helping Russia amass its shadow fleet of oil and LNG tankers are based, according to Bloomberg.\u00a0<\/strong><\/p>\n

The three LNG tankers have been serving the smaller Portovaya LNG export plant on Russia\u2019s Baltic Sea. Portovaya LNG is not subject to Western sanctions or export restrictions.\u00a0<\/p>\n

Two of the tankers, Velikiy Novgorod and La Perouse, are under UK sanctions. <\/strong><\/p>\n

Velikiy Novgorod was slapped with sanctions just yesterday as the UK imposed<\/a> the largest round of sanctions to date against Russia\u2019s shadow fleet, designating an additional 18 oil tankers and four LNG tankers as it seeks to cut critical revenues for Vladimir Putin.<\/p>\n

Russia has started to\u00a0amass a dark fleet<\/a>\u00a0of tankers to ship its LNG in vessel ownership transfers similar to the moves that Moscow began after the invasion of Ukraine to create a shadow fleet to export oil and products in the face of Western sanctions.<\/strong><\/p>\n

Some tankers\u00a0have recently departed<\/a>\u00a0from the sanctioned Arctic LNG 2 terminal in northern Russia, signaling Moscow\u2019s continued efforts to circumvent Western restrictions.\u00a0<\/p>\n

In August, the U.S. State Department intensified\u00a0efforts to derail<\/a> Russia\u2019s Arctic LNG 2 exports by targeting companies involved in the development of the project and vessels found to have loaded LNG from the facility.<\/strong><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 10\/19\/2024 – 09:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/energy\/russia-appears-use-dubai-based-firm-expand-shadow-lng-fleet<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia Appears To Use Dubai-Based Firm To Expand Shadow LNG Fleet By Charles Kennedy of OilPrice.com Russia appears to be trying to evade Western sanctions…<\/p>\n","protected":false},"author":0,"featured_media":1497249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1497248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1497248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1497248"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1497248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1497249"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1497248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1497248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1497248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}