Factbox-LNG entities under US sanctions to curb Russia's Arctic LNG 2 project
SINGAPORE (Reuters) -The United States has imposed sanctions on hundreds of entities and individuals for supporting Russia's war effort in Ukraine, including companies supporting the development of Russia's Arctic LNG 2 project and its shipment of liquefied natural gas (LNG), as well as other future energy projects.
The Arctic LNG 2 project by Russia's Novatek is subject to Western sanctions over Russia's conflict with Ukraine. The project had been due to become Russia's largest LNG plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
Below are the companies designated by the U.S. state department, as well as the vessels they own or manage, according to data from Equasis and Kpler:
SHIPPING COMPANIES THAT LOADED AND TRANSPORTED LNG FROM ARCTIC LNG 2:
Company name Location Fleet info (Vessel
name, IMO number)
Ocean Speedstar Mumbai, India Ship/commercial manager
Solutions OPC for:
Private Limited - Pioneer, 9256602
- Asya Energy, 9216298
- Everest Energy,
9243148
Zara Shipholding C/O: Ocean Registered owner for:
Co Speedstar - Pioneer, 9256602
Solutions (OPC)
Pvt Ltd Mumbai,
India
Gotik Energy C/O: Plio Registered owner for:
Shipping Co Energy Cargo - New Energy,
Shipping 9324277
Mumbai, India
Plio Energy Cargo Mumbai, India Ship/commercial manager
Shipping OPC for:
Private Limited - New Energy, 9324277
The U.S. state department said on Aug. 24 the Pioneer and Asya Energy vessels had entered Russian waters in late July, and had shut off and manipulated their automatic identification system (AIS) to broadcast false locations.
While producing a false AIS signature, Pioneer and Asya Energy loaded LNG from the Arctic LNG 2 facility on Aug. 1-3 and 9-11 respectively, said the state department, citing commercial satellite imagery.
Ocean Speedstar Solutions and Zara Shipholding did not immediately respond to a request for comment.
In another round of sanctions on Sept. 5, the U.S. state department said New Energy used deceptive shipping practices, including shutting off its AIS, to load cargo from Arctic LNG 2 via a ship-to-ship transfer with the Pioneer vessel on Aug. 25.
Reuters could not find contact information for Plio and Gotik.
TARGETING RUSSIA'S PROCUREMENT OF LNG TANKERS:
Company name Address Fleet info (Vessel
name, IMO number)
White Fox Ship Dubai, United Arab Ship/commercial manager
Management Emirates for:
FZCO - North Way, 9953535
- North Air, 9953509
- North Mountain,
9953511
- North Sky,
9953523
The four vessels have transshipped LNG from Russia's Yamal LNG project despite being originally intended for Arctic LNG 2 use, said the U.S. state department, adding that it is committed to blocking the expansion of Russia's existing LNG fleet.
"Further, this transshipment of LNG by vessels with obfuscated ownership could eventually help Russia circumvent EU restrictions prohibiting the transshipment of Russian-origin LNG through European ports," it said.
Reuters could not find contact information for White Fox Ship Management.
TARGETING ADDITIONAL COMPANIES RELATED TO ARCTIC LNG 2:
The state department also targeted Novatek China Holdings Co Ltd, a China-based firm established in August 2023 to market LNG from Arctic LNG 2.
It also designated Russian construction firm Limited Liability Company Ekropromstroy used as a special purpose vehicle to sell equity stakes in Arctic LNG 2, and UAE-based Waterfall Engineering that provided parts to Arctic LNG 2 in 2023.
TARGETING THE YAKUTIA LNG PROJECT:
The United States in addition designated several Russian-based companies involved in the development of the future Yakutia LNG project, one of the largest prospective LNG production projects in Russia. They include LLC Power of Yakutia, LLC Yakutstroiproekt and LLC Liquefied Natural Gas Yakutia.
(Reporting by Emily Chow, additional reporting by Gabrielle Ng; Editing by Barbara Lewis and Emelia Sithole-Matarise)