Two tankers hit by U.S. sanctions are set to offload Russian Arctic Oil in Syria, the first such delivery in over a decade. The Aquatica tanker will unload 100,000 tons at Baniyas port, while the Sakina is en route with another 100,000 tons. Russia seeks alternative buyers due to sanctions, while Syria faces oil supply challenges.
The summer shipping season on Russia’s Northern Sea Route is ending early due to winter ice forming sooner than expected. Ships must hurry to complete their transits before the route closes in three weeks. A near-disaster in October 2021 prompted this early shutdown to ensure safe passage for vessels navigating the Arctic waters.
Russia’s Arctic LNG 2 project has commenced production despite U.S. sanctions, providing relief to the global fuel market. Novatek’s Deputy Prime Minister Alexander Novak stated the first train is operational, with deliveries expected in the first quarter of next year. The project is pivotal to Russia’s goal of tripling its LNG production.
