$DLNG

The UP World LNG Shipping Index rose for a third week, gaining 2.83% to 206.09, while the S&P 500 fell 0.66%. Asian spot LNG prices climbed above $22/mmBtu, tied to heightened Strait of Hormuz risk, according to Energy Aspects and Reuters. Kpler cut its Qatar 2026 export forecast to under 27 million tonnes. COSCO Shipping Energy Transportation led gainers (+9.43%); Nakilat fell most (-3.87%).

Dynagas LNG Partners LP (NYSE: DLNG) said its board declared a cash distribution of $0.5625 per Series A cumulative redeemable perpetual preferred unit for the period May 12, 2026 to Aug. 11, 2026. Payment is Aug. 12, 2026 to holders of record Aug. 5, 2026. There are 3,000,000 Series A preferred units outstanding.

EU countries agreed on a 21st sanctions package against Russia, including a 12-month freeze of the Russian crude oil price cap at $44.10 per barrel. A proposed ban on shipping Russian gas outside the EU was softened via a one-year exemption for Greece. Dynagas will be allowed to ship Russian LNG to non-EU customers under historical-volume limits and no new contracts, according to EU diplomats.

The UP World LNG Shipping Index, tracking 20 listed LNG shipping firms, rose 4.84 points (2.47%) to 200.42, returning above 200, while the S&P 500 fell 1.55%. The article cites ICIS expecting a 9 million tonne global LNG market decline vs prior 30 million growth, with Asian LNG spot above $20/mmBtu. NYK Line (+8%) led; COSCO Shipping Energy Transportation fell nearly 10%.

The EU is negotiating a new sanctions package on Russia, but Greece is seeking an exemption to allow transport of Russian LNG to non-EU clients after a full ban takes effect on Jan 1, 2027. The dispute centers on Dynagas, a Greek-owned LNG shipping firm chartering 11 vessels to Russia’s Yamal facility. Greece’s stance also threatens an EU Russian oil price cap review.

According to the Financial Times, Greece blocked an EU sanctions package targeting Russian LNG imports, including Novatek’s Yamal LNG. The report links the move to Greek shipowners’ exposure, including Dynagas and its publicly listed unit Dynagas Shipping Partners, which said Yamal Arc7 charters were about 35% of 2025 revenue.

The EU’s proposed 21st sanctions package faces resistance from Greece, which reportedly withheld support over restrictions on Russian LNG shipping that could affect Dynagas, controlled by George Prokopiou. The Financial Times said Greece cited Dynagas Arc7 icebreaking vessels. Separately, Reuters reported EU ambassadors failed to agree on unresolved sanctions covering banks, crypto, drones, and oil. Dynagas LNG Partners said two Yamal charters drive 35% of 2025 revenue.

Greece opposes an EU proposal to add sanctions on Russia, including limits on transporting Russian LNG, citing risks to Dynagas, a Greek LNG shipping firm owned by George Prokopiou. Sources cited by the Financial Times say Greece’s EU ambassador warned the measures would “destroy” Dynagas. The EU’s 21st sanctions package needs unanimity, delaying other measures and extending the $44.10/bbl Russian crude price cap for a week.

Greece is opposing an EU proposal to include restrictions on transporting Russian LNG in its 21st sanctions package, citing potential harm to Dynagas, a Greek LNG shipping firm owned by George Prokopiou. Dynagas transports LNG from Novatek’s Arctic LNG facility near Yamal. The package needs unanimity, delaying other measures and extending the Russian crude oil price cap at $44.10/bbl for a week.

The UP World LNG Shipping Index (20 listed firms) fell 1.59% to 194.60 points in a holiday-shortened week, while the S&P 500 rose 1.76%. The index’s decline slowed; advancing/declining stocks were 10:10 and volume was slightly below average. Qatar extended force majeure to mid-August; liquefaction may resume early September. ALNG rose 8.76%; COSCO Shipping Energy Transportation fell nearly 13%.