Another ‘Dark Fleet’ Tanker Set for Sanctioned Russian LNG Plant

Bloomberg News

Another ‘Dark Fleet’ Tanker Set for Sanctioned Russian LNG Plant
LNG VesselsNorthern RussiaEverest Energy
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(Bloomberg) -- A third liquefied natural gas tanker appears to be heading to the Arctic LNG 2 export plant in northern Russia that’s subject to US sanctions,...

-- A third liquefied natural gas tanker appears to be heading to the Arctic LNG 2 export plant in northern Russia that’s subject to US sanctions, with Moscow ramping up efforts to circumvent Western restrictions.The Everest Energy , part of a suspected “dark fleet” of vessels assembled by Moscow to take gas to willing buyers, has halted in the Barents Sea northeast of Norway, according to ship-tracking data compiled by Bloomberg .

The Everest Energy, as well as the two other vessels — Asya Energy and Pioneer — are all managed by Ocean Speedstar Solutions, according to Equasis, a global shipping database. The India-based company was incorporated in June and only manages these three ships, Equasis data shows. Offshore creditors of China Evergrande might be able to increase their chance of recovering funds if they can prove the property developer is due money from onshore subsidiaries, to which they would therefore be entitled, experts said. Those creditors became de facto shareholders of Evergrande's onshore assets due to a January liquidation order in Hong Kong, giving them another avenue to recoup money from a firm whose offshore liabilities alone reached as much as $23 billion.

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