The European Union is considering a compromise that would allow…
The European Union is considering a compromise that would allow Greek shipping company Dynagas to continue transporting Russian liquefied natural gas (LNG) for up to one year, with the possibility of extension, in exchange for Greece's support of the 21st sanctions package against Russia. This move aims to resolve a deadlock caused by Athens' opposition to banning such transport, which threatens the company’s operations.
Consensus
- The European Union is considering allowing European companies to continue transporting Russian liquefied natural gas to third countries for up to one year with possible extension.
- This compromise is being discussed in the context of the 21st sanctions package against Russia.
- Greece has blocked the approval of the 21st sanctions package due to concerns over its impact on the Greek shipping company Dynagas.
- Dynagas, owned by Greek billionaire Georgios Prokopios, operates 27 LNG carriers capable of navigating Arctic routes near the Russian Yamal LNG plant.
- The proposed arrangement would limit transport volumes to the level achieved in 2025.
- The agreement still requires approval from all 27 EU member states.
Points of divergence
- One high-ranking official described the proposed deal as 'shocking,' indicating internal opposition within the European Union to this compromise. — kommer-sant
- The EU is also expected to extend the oil price cap on Russian crude to $44.10 per barrel for another year, alongside the LNG agreement. — vedomosti
- Dynagas has transported over 10 million tons of Russian LNG since January 2025 across 144 voyages using 11 ships. — meduza
Coverage (8 sources)
- FT: EU may allow European companies another year to transport Russian gas — Дождь
- FT: EU will allow Greek company to transport Russian gas in exchange for new sanctions package approval — Meduza
- FT: EU may allow European companies another year to transport Russian gas — Дождь (Telegram)
- FT: EU will allow block countries to transport Russian LNG for another year — Ведомости
- FT: Greece Almost Secures Permission to Transport Russian Gas — Коммерсантъ
- EU may allow Greece to continue importing Russian LNG — Вечерняя Москва
- European Union may allow Greece to continue transporting Russian gas — Вести
- EU may allow Greece to continue transporting Russian LNG — ТАСС (Telegram)
Key entities
- EU
- FT
- Greece
- Dynagas
- European Union
- Russia
- Financial Times
- European Union
- Moscow
- Yamal LNG
- Country
- Athens
- Georgios Prokopiu
- Greek Shipping Company