By inthasone @Adobe Stock

Anna Shiryaevskaya of Bloomberg reports that Russian LNG tankers in the midst of Western sanctions are sitting afloat with buyers scarce. Shiryaevskaya writes:

Tankers carrying sanctioned liquefied natural gas from Russia are gathering off the country’s far eastern coast, a sign of the difficulties in finding buyers in the midst of ever-tightening western restrictions.

The vessels — Nova Energy, Pioneer and Asya Energy — all loaded shipments from the Arctic LNG 2 facility in northern Russia, which has been targeted by US sanctions. Pioneer is now anchored off the port of Nakhodka, with the two other ships also nearby, ship-tracking data compiled by Bloomberg show. […]

Earlier this month, the plant stopped liquefying natural gas, as western bans limited its ability to ship and sell cargoes. The Arctic LNG 2 shipments had been offered to buyers in China and Asian nations at a discount, Bloomberg reported last month. […]

Meanwhile, Russia’s Zvezda shipyard won’t be able to deliver the domestically-built lead ice-class tanker for Arctic LNG 2 by the end of this year, Russia’s Kommersant daily reported Wednesday. Delivery is now expected in early 2025, with another tanker in the first quarter of the year, the paper said.

Read more here.