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In its pursuit to bolster Arctic energy capabilities, Russia is implementing ship-to-ship transfers to transport LNG and gas condensate. This strategy aims to mitigate the limitations posed by its Ice class tanker fleet, especially in light of sanctions that restrict access to essential transport vessels.
The first transfer facility will be established in Chosha Bay, with a second located in Kresta Bay in the Bering Sea. These facilities will enable significant volumes of LNG and gas condensate to be loaded and exported annually, essential for Russia to maintain its competitive edge in the global energy market.
Starting in March 2025, Russian LNG loadings will be banned in EU ports, underscoring the urgency of developing alternative transport solutions.