Greece and Ukraine have recently solidified a deal to supply US-origin liquefied natural gas (LNG) to Ukraine from December until March 2026, aimed at bolstering energy security amid ongoing Russian attacks on Ukrainian infrastructure. This agreement, announced during President Zelenskyy’s visit to Athens, comes as Russian forces make advances in the Zaporizhzhia region and launch drone strikes on the Odesa region. Simultaneously, Ukraine has struck a major oil refinery in Russia’s Samara region. Amidst these developments, Zelenskyy has also announced plans to overhaul key state energy companies following a corruption scandal.
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The US, along with Qatar, is urging the EU to relax its climate and human rights regulations for LNG imports, deeming them a threat to European economies. This demand comes as the Trump administration approves a significant gas export hub in Louisiana, aiming to boost fossil fuel reliance globally. The new EU directive, which the US is attempting to combat, requires exporters to demonstrate human rights protections and emission reductions. Despite concerns over environmental impact, including greenhouse gas emissions and local community issues, the administration is prioritizing energy dominance and supporting the LNG project, CP2.
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Despite the European Union’s efforts to reduce reliance, seven member states increased their Russian energy imports in 2025. These imports, totaling over 11 billion euros in the first eight months, include substantial increases from France and the Netherlands. This contradicts the EU’s broader goal and has drawn criticism, particularly from the United States, who deem the continued purchases as funding the ongoing war. Much of the trade involves liquefied natural gas, and long-term contracts with major energy firms perpetuate the reliance, which is viewed as a “form of self-sabotage” by experts.
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Kpler data reveals that sanctioned Russian nuclear icebreakers, operated by Atomflot, facilitated the delivery of significant quantities of LNG from Yamal LNG to European companies, including Shell, TotalEnergies, and Naturgy. While direct payments to Atomflot by European entities haven’t been confirmed, indirect benefits via Yamal LNG raise legal and ethical concerns regarding sanctions compliance. Experts argue that these indirect links pose a high risk of sanctions violations, particularly given publicly available information on Atomflot’s icebreaking fees. Despite Shell and Naturgy asserting compliance, the situation underscores the ethical implications of profiting from Russia’s energy exports during the ongoing war in Ukraine.
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Vladimir Putin’s ambitious Arctic gas production project, a cornerstone of his energy strategy, is facing a significant setback, effectively grinding to a halt due to the crippling impact of Western sanctions. The Arctic LNG 2 project, boasting the Belokamenka yard designed to employ 15,000 workers, now stands largely deserted, a testament to the sanctions’ devastating effect on Russian infrastructure and its ability to maintain complex operations. Most contractors have abandoned the site, leaving behind only a skeleton crew of around 500 security guards.
The shutdown of this massive undertaking represents a considerable blow to Putin and his energy empire. The Belokamenka yard, once touted as a world-leading industrial site, was crucial for the construction of the offshore platforms necessary to process gas from the Salmanovskoye and Geofizicheskoye fields.… Continue reading
John Q. Hosedrinker 
Matt Underwood