All articles tagged with #ust luga
Ukraine launched drone attacks on Russia, hitting a nuclear power plant and a fuel export terminal, causing a fire and reducing nuclear reactor capacity, amid ongoing conflict and tensions.
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.
An explosion occurred at a gas export terminal near St Petersburg, causing a large fire that has been contained, with no reported injuries. The cause of the fire is unknown, and while drone activity has been reported in the area, it is unclear if it is related. The terminal, owned by gas producer Novatek, has suspended operations, citing "external influence" as the cause of the fire.