The U.S. State Department sanctioned two companies and two LNG tankers on Sept. 5 for attempting to take LNG from Russia’s Arctic 2 project to the world market.
The U.S. is sanctioning Gotik Energy Shipping Co., and Plio Energy Cargo Shipping, two companies based in India. The companies are linked to the two tankers, Mulan (Gotik) and New Energy (Plio).
“In response to Russia’s continued war of aggression against Ukraine, the United States is imposing further costs on those supporting Russia’s war effort and attempting to expand Russia’s global energy leverage,” said Matthew Miller, State Department spokesman, in a press release.
The U.S. government has accused Russia of creating a “ghost fleet” of LNG and oil tankers that use deceptive practices to get around sanctions imposed on the country since the start of the war in Ukraine.
The U.S. added the New Energy and Mulan vessels to a list of seven others that were sanctioned late August.
According to the State Department, New Energy switched off its satellite-linked identification system to conduct a ship-to-ship transfer of cargo from the LNG tanker Pioneer, a ship that was sanctioned by the U.S. on Aug. 23.
The State Department did not release information on why the Mulan vessel had been sanctioned.
Under the sanctions, the U.S. Treasury has demanded the ships wind down current operations by Nov. 6 and not enter into any new commercial contracts.
Recommended Reading
EnCap Closes $6.4B for E&P Fund, Including Co-investments
2024-10-21 - EnCap’s Fund XII raised $5.25 billion for work in U.S. oil and gas basins. Coupled with its energy transition and midstream funds, the private equity firm has collectively raised $9 billion this year.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Exclusive: How E&Ps Yearning Capital can Stand Out to Family Offices
2024-10-15 - 3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.