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Russia Playing the "Long Game" to Protect Energy Exports
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March 27, 2025
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3:02Now PlayingRussia’s sanctioned Arctic LNG 2 plant may soon receive its first domestically built ice-class tanker, expanding its fleet as the project anticipates potential easing of Western energy restrictions.
The Zvezda shipyard in Russia’s Far East is completing construction of several LNG carriers, dubbed the Alexey Kosygin series after their lead tanker, Igor Tonkovidov, chief executive officer for Russia’s largest shipping company Sovcomflot, said at a conference in Murmansk.
The series, Russia’s first attempt at building advanced ice-class LNG vessels, was ordered for Arctic LNG 2 in 2019. Gas producer Novatek PJSC, the largest shareholder in Arctic LNG 2, initially expected to receive the first tanker, the Alexey Kosygin itself, in early 2023, but Western sanctions on equipment supplies delayed the transfer of the series.
Leslie Palti-Guzman, Senior Associate with a focus on energy security at the Center for Strategic and International Studies, breaks down what she sees as the Kremlin's long-term energy export strategy once the War in Ukraine comes to and end. She also explains why the plan may create an economic conflict between US President Donald Trump and his Russian counterpart, Vladimir Putin. Leslie speaks with Paul Sweeney and Alix Steel on Bloomberg Radio.
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