Sanctioned Russian LNG Ship Fails Four-Month Quest for Buyer

A vessel carrying a sanctioned shipment of Russian liquefied natural gas appears to be offloading the fuel into storage in the nation’s far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey.

The Pioneer tanker, carrying a cargo from Russia’s Arctic LNG 2 facility, docked next to the Koryak floating storage unit in Kamchatka on Thursday, according to ship-tracking data compiled by Bloomberg. The gas is likely to be held there until a customer can be found.

Arctic LNG 2, Pioneer and Koryak have all been sanctioned by the US.

The Pioneer LNG vessel, sanctioned by the US earlier this year, ended a four-month journey by docking next to a floating storage unit in Russia’s far east.

Source: Bloomberg

Pioneer ...