Over One-Fifth of Russian LNG Exports Protected by EU's Greek Sanctions Exemption
The compromise lets EU ships keep carrying Russian LNG to non-EU buyers under pre-2022 contracts, with one Greek operator handling 96% of the trade last year.
4 Articles
4 Articles
In the first seven months of this year, EU countries have purchased 92 percent of all Russian liquefied gas exports, with a key role played by a politically influential Greek shipowner.
Greek billionaire’s ships carried €2.35bn of Russian Arctic gas to Europe this year
One Greek shipping company carried more than a third of Russia’s Arctic gas exports this year. Vessels linked to Dynagas delivered 53 cargoes to EU ports between January and July, worth an estimated €2.35bn. The figures come from analysis of shipping data from consultancy firm Kpler published on Tuesday (18 August) by the German campaign group Urgewald. Russia’s ‘Yamal’ LNG facility is located at Sabetta, a purpose-built port on the north-easter…
In the first seven months of 2026, ships attached to the Greek shipowner Dynagas transported 57 shipments of liquefied natural gas since the Russian project Yamal LNG, or 4.14 million tonnes. This represents 35% of the total volume exported by this arctic site, one of the Kremlin's energy flagships. Of these 57 deliveries, 53 have reached European ports, for an estimated gross value of 2.35 billion euros. The analysis published by the German NGO…
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