Russian LNG Producers Halt Supplies Amid U.S. Sanctions Over Ukraine Conflict

Small-scale Russian LNG producers Portovaya LNG and Kryogaz-Vysotsk, located on the Baltic Sea shores, have halted LNG supplies, according to LSEG ship-tracking data. This action comes as U.S. sanctions take effect, imposed last month in response to the conflict in Ukraine. The sanctions targeted these two plants, with a grace period until February 27. Kryogaz-Vysotsk, jointly owned by Novatek and Gazprombank, last shipped a cargo on February 18 to Belgium’s Zeebrugge terminal. Portovaya LNG’s last delivery to customers was in mid-January.

The tanker Pearl, formerly known as Pskov, recently loaded LNG from Portovaya and is currently anchored in the Gulf of Finland. The Velikiy Novgorod gas carrier, also servicing the project, is in the same area. LSEG data shows that tankers servicing the plants are all at sea. Kryogaz-Vysotsk has an annual production capacity of 820,000 metric tons of LNG, while Portovaya LNG can produce 1.5 million tons per year.

The suspension of LNG supplies from these Russian producers is a direct result of the U.S. sanctions imposed over the conflict in Ukraine. The impact is evident in the halting of shipments from both Portovaya LNG and Kryogaz-Vysotsk. These developments reflect the broader implications of geopolitical tensions on the energy sector and global LNG trade. The situation highlights the interconnected nature of the LNG market and the influence of political decisions on industry operations.

Source