French and Danish shipyards ‘fixing Russian gas tankers’

French and Danish shipyards ‘fixing Russian gas tankers’
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French and Danish shipyards ‘fixing Russian gas tankers’
Author: Jabed Ahmed
Published: Jan, 14 2025 13:17

Damen shipyard in Brest, France, and Fayard A/S in Denmark have provided maintenance works to Russian liquefied natural gas (LNG) tankers. European shipyards are repairing Russian gas tankers, enabling Moscow to keep energy supplies moving through the Arctic and avoid Western sanctions, according to reports.

 [Damen shipyard in Brest, France, and Fayard A/S in Denmark have provided maintenance works to Russian liquefied natural gas (LNG) tankers]
Image Credit: The Independent [Damen shipyard in Brest, France, and Fayard A/S in Denmark have provided maintenance works to Russian liquefied natural gas (LNG) tankers]

Satellite images and port-call tracking data from data and analytics firm Kpler, seen by the FT, showed that the two shipyards have serviced 14 of the 15-ship fleet of specialist Arc7 tankers that sail from Yamal LNG on Russia's far northern coast. The activities of the ships and yards are not covered by sanctions because of loopholes for non-Russian flagged vessels and exemptions for technical expertise and maintenance from European companies.

Malte Humpert, an Arctic shipping specialist at High North News, told the publication: “If those two shipyards were off-limits, it would put the whole logistics operations in doubt. “They could get the service somewhere else but that would mean going well off their route.”.

Russia relies on oil and gas business in part to fund its ongoing war in Ukraine; with revenues accounting for 30 to 50 per cent of the Russian federal budget, according to The Oxford Institute for Energy Studies (OIES). Other than the EU, Russia’s biggest pipeline gas exports go to Turkey and Belarus, while LNG exports are largely reliant on sales to China and Japan.

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