Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up
Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
Arctic Express, a newly flagged Russian LNG tanker, has picked up a cargo of liquefied natural gas from a floating storage facility used by Arctic LNG 2 project, marking the latest addition to Russia’s dark fleet as LNG output from the U.S.-santioned project ramps up,Reutersreported on Monday.
The 19-year old vessel was previously called theQueen Cassiopeiaand sailed under a Sierra Leone flag while managed by a Greek firm; however, its ownership was transferred to St.
Petersburg-based SMP Techmanagement LLC around mid-May, at which point the ship was re-flagged to Russia.
TheArctic Expressis one of at least 21 vessels now suspected to be ferrying sanctioned Russian gas as Moscow attempts to diversify its customer base ahead of the upcoming EU ban on long-term Russian LNG import contracts set to take effect on January 1, 2027.
The heavily sanctioned Arctic LNG 2 project has significantlyincreased its productionand export volumes, with China a key buyer.
The facility exported over 400,000 metric tons of LNG in May 2026, a record high since deliveries began in August 2024.
More than 40 cargoes (around 2.6 million metric tons) of LNG were shipped from the facility over the past year.
In contrast, India hasrejectedoffers to buy Russian LNG under sanctions.
Last month, India refused to accept a cargo of discounted liquefied natural gas (LNG) from the U.S.-sanctioned Portovaya plant, leaving the 138,200-cubic-meterKunpengtanker stranded near Singaporean waters.
Indian officials have noted that while seaborne crude oil shipments are frequently hidden via ship-to-ship transfers at sea, LNG tracking relies on distinct infrastructure and satellite tracking that makes it impossible to conceal.
However, India continues to buymassive volumesof discounted Russian seaborne crude.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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