Four ice-strengthened LNG carriers originally contracted by NYK and Sovcomflot have been moved to the ownership of a Dubai-based entity as they are granted permits by Russian authorities to sail on the Northern Sea Route (NSR).

Their apparent ownership shift and emergence on the NSR permitting site is creating waves in a market in which Western sanctions are being increasingly imposed on a variety of assets to block Russia’s ability to develop planned LNG facilities and export cargoes.