More Yamal LNG Cargoes Headed East via Northern Sea Route

Russian natural gas produce Novatek said it shipped fifteen cargoes from its Yamal LNG plant to Asia via the Northern Sea Route in the third quarter of 2019, putting it on track to increase eastbound shipments by fourfold compared to last year.  According to Novatek, the eastbound shipments represent approximately 25 percent of all cargoes shipped from Yamal LNG during … [Read more...]

Russia’s Lukoil Sells Rare Arctic Crude Oil to China

By Shu Zhang and Olga Yagova SINGAPORE/MOSCOW, Oct 2 (Reuters) - Russian oil producer Lukoil has sold a cargo of Varandey Blend crude to a Chinese buyer with the shipment sailing via Arctic waters in an unusual trade flow, according to industry sources and shipping data. Lukoil's trading arm, Litasco, sold the cargo to Chinaoil, the trading vehicle of state-owned CNPC, said … [Read more...]

Sovcomflot CEO to Step Down, Assume Role of Board Chairman

By Gleb Stolyarov and Darya Korsunskaya MOSCOW, Sept 17 (Reuters) - Sergei Frank will step down as president and chief executive of Russian state-controlled shipping giant Sovcomflot after 15 years at the helm, four sources familiar with the decision told Reuters on Tuesday. Frank will give up operational control of Sovcomflot and take over as chairman of the company's … [Read more...]

Russia’s New Floating Nuclear Power Plant Sets Sail for the Arctic

MURMANSK, Russia, Aug 23 (Reuters) - Russia's first floating nuclear power plant set sail on Friday from the Arctic port of Murmansk to provide power to one of the country's most remote regions, sparking environmental concerns. Developed by the Russian state nuclear company Rosatom, the plant, known as "Akademik Lomonosov," set off on a 5,000 km (3,100 mile) journey through … [Read more...]

U.S. Senate Panel Backs Nord Stream 2 Pipeline Sanctions Bill

By Timothy Gardner and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A U.S. Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the Trump administration says would strengthen Moscow's economic grip on Europe. The Senate Foreign Relations Committee passed … [Read more...]