French and Danish shipyards ‘fixing Russian gas tankers’ 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.
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.
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.
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