"Ukraine Drone Attacks Disrupt Russian Fuel Operations, Threaten Billions in Losses"

1 min read
Source: Reuters.com
"Ukraine Drone Attacks Disrupt Russian Fuel Operations, Threaten Billions in Losses"
Photo: Reuters.com
TL;DR Summary

Russian energy company Novatek is expected to resume large-scale operations at its Ust-Luga processing complex and Baltic Sea terminal within weeks after a suspected drone attack disrupted naphtha flows to Asia. The incident has led to rising naphtha prices and refining margins in Asia, with Novatek likely to export more gas condensate instead of high-margin fuel via other terminals. The company's revenues could be affected, and Russia's military and government agencies are taking necessary measures following the suspected Ukrainian drone attack.

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