Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Banking Awards
    • Banking Innovation Awards
    • Digital Banking Awards
    • Finance Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    • Financial Awards
    • Private Banking Awards
    • Private Banking Innovation Awards
    • Retail Banking Awards
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Russia blames Ukrainian drones for attack on LNG ship in Mediterranean
    Finance

    Russia Blames Ukrainian Drones for Attack on Lng Ship in Mediterranean

    Published by Global Banking & Finance Review®

    Posted on March 4, 2026

    3 min read

    Last updated: April 2, 2026

    Add as preferred source on Google
    Image of On Holding's athletic footwear promotions, highlighting their new Cloudsurfer Max and Cloudboom Max models. This visual reflects On's strategy to enhance sales and capture market share in the competitive sneaker industry.
    Sneaker brand On's promotional products showcasing athletic footwear - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Global Banking & Finance Awards 2026 — Now Open for Entries
    Tags:FinanceEnergyMarketsRussiaUkraine

    Quick Summary

    Russia alleges that Ukrainian naval drones launched from Libya attacked and set fire to the Russian LNG carrier Arctic Metagaz near Malta on March 3. The crew of 30 were safely rescued; Ukraine has not commented, and Russia condemns the incident as maritime terrorism.

    Global Banking & Finance Awards 2026 — Call for Entries

    Russian LNG tanker sinks in Mediterranean, Moscow blames Ukrainian drones

    Incident Overview and International Response

    Details of the Sinking

    MOSCOW, March 4 (Reuters) - A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on Wednesday after what Moscow described as an attack by Ukrainian drones launched from Libya.      

    The Arctic Metagaz sank in waters between Libya and Malta after catching fire a day earlier, Libya's maritime rescue agency said in an advisory seen by Reuters. 

    "Information indicates that the tanker experienced sudden explosions followed by a massive fire, which ultimately led to its complete sinking," the agency said. 

    Ukrainian Involvement and Previous Attacks

    Ukraine has frequently targeted Russian oil refineries and other energy infrastructure in an attempt to deprive Russia's war machine of funding, but if confirmed, this would be its first attack on an LNG tanker.      

    The Security Service of Ukraine did not respond to a Reuters request for comment.      

    Russian Government Statements

    Russia's transport ministry said the tanker, which had been carrying LNG from the Arctic port of Murmansk, was attacked by Ukrainian naval drones launched from the coast of Libya.  

    Crew Safety and International Assistance

    It said the 30 crew members, all Russian nationals, were safe, and thanked Maltese rescue services.      

    Official Condemnation

    "We qualify what happened as an act of international terrorism and maritime piracy, a gross violation of the fundamental norms of international maritime law," the ministry said.      

    Reactions from Libya and Egypt

    Libyan Position

    Libya's National Oil Corporation said it had no involvement with the tanker, adding that it was en route to Port Said, Egypt. 

    Egyptian Response

    Egypt's petroleum ministry also denied any connection with the tanker, saying it was not bound for any of Egypt's ports.

    "The tanker is not listed under any contracts to supply or receive LNG cargoes to Egypt," the ministry said.

    Industry and Environmental Impact

    Company Silence

    The ship's Russia-based manager, LLC SMP Techmanagement, and Russian LNG producer Novatek have not commented on the incident.

    Maritime Warnings and Pollution Risk

    The Libyan agency warned vessels to avoid the site and asked them to report any pollution in the area which one industry source said would likely be limited to the fuel oil on board.

    Reporting Credits

    (Reporting by Filipp Lebedev, Vladimir Soldatkin and Jonathan Saul and Menna Alaa El-Din and Muhammad Al Gebaly; additional reporting by Ahmed Elumami in Tripoli; editing by Jan Harvey and Jason Neely)

    References

    • Russian gas carrier Arctic Metagaz attacked in Mediterranean Sea, attack carried out from Libyan coast by Ukrainian unmanned boats - Russian Transport Ministry
    • Un petrolero ruso sujeto a sanciones arde en llamas en el Mediterráneo
    • Ukrainian attacks on the Russian shadow fleet

    Key Takeaways

    • •Russia claims the LNG carrier Arctic Metagaz, sailing from Murmansk, was attacked by Ukrainian naval drones near Maltese waters on March 3, with all 30 Russian crew members rescued safely by Maltese and Russian services (interfax.com).
    • •If confirmed, this would mark the first-ever Ukrainian strike on a Russian liquefied natural gas carrier, expanding Ukraine’s maritime targeting strategy beyond oil tankers and energy infrastructure ().

    Frequently Asked Questions about Russia blames Ukrainian drones for attack on LNG ship in Mediterranean

    1What happened to the Russian LNG carrier in the Mediterranean?

    The Russian LNG carrier Arctic Metagaz caught fire after allegedly being attacked by Ukrainian naval drones near Malta.

    2Were there any casualties in the Arctic Metagaz incident?

    No casualties were reported as all 30 crew members, who were Russian nationals, were declared safe.

    Table of Contents

    • Incident Overview and International Response
    • Details of the Sinking
    • Ukrainian Involvement and Previous Attacks
    • Russian Government Statements
    • Crew Safety and International Assistance
    • Official Condemnation
    • Reactions from Libya and Egypt
    • Libyan Position
    • Egyptian Response
    • Industry and Environmental Impact
    • Company Silence
    • Maritime Warnings and Pollution Risk
    • Reporting Credits
    elpais.com
  • •Ukraine has previously conducted naval drone assaults against Russia’s so-called 'shadow fleet' to disrupt sanctioned oil exports, including operations in the Mediterranean against tankers like the Qendil in December 2025 (en.wikipedia.org).
  • 3Who is accused of attacking the Russian LNG ship?

    Russia's transport ministry accused Ukrainian naval drones of attacking the Arctic Metagaz.

    4Has Ukraine previously attacked Russian LNG carriers?

    If confirmed, this would be the first time Ukraine has targeted a Russian LNG carrier.

    5Where did the attack on the LNG ship occur?

    The attack occurred near international waters belonging to Malta in the Mediterranean Sea.

    More from Finance

    Explore more articles in the Finance category

    Image for Brazil, Mexico, Spain pledge to send more aid to Cuba
    Brazil, Mexico, Spain Pledge to Send More Aid to Cuba
    Image for Magyar's parliamentary majority in Hungary increases after final count
    Magyar's Parliamentary Majority in Hungary Increases After Final Count
    Image for Man in his 80s becomes first in France to formally apologise for family's slavery links
    Man in His 80s Becomes First in France to Formally Apologise for Family's Slavery Links
    Image for Netherlands to activate first phase of energy crisis plan, ANP reports
    Netherlands to Activate First Phase of Energy Crisis Plan, Anp Reports
    Image for US Justice Department refuses to assist French probe into Musk’s X, WSJ reports
    US Justice Department Refuses to Assist French Probe Into Musk’s X, Wsj Reports
    Image for Iran's navy tells ships Strait of Hormuz shut again, two vessels report gunfire
    Iran's Navy Tells Ships Strait of Hormuz Shut Again, Two Vessels Report Gunfire
    Image for Mediation fails in spat over Franco-German fighter jet, Handelsblatt says
    Mediation Fails in Spat Over Franco-German Fighter Jet, Handelsblatt Says
    Image for Merchant vessels report gunfire as they attempt to cross Hormuz, shipping sources say
    Merchant Vessels Report Gunfire as They Attempt to Cross Hormuz, Shipping Sources Say
    Image for Venezuela's Machado says Spanish PM's leftist summit reason for not meeting him
    Venezuela's Machado Says Spanish PM's Leftist Summit Reason for Not Meeting Him
    Image for China willing to advance talks to upgrading Switzerland trade pact, ministry says
    China Willing to Advance Talks to Upgrading Switzerland Trade Pact, Ministry Says
    Image for Norway's sovereign wealth fund supports BP chair's re-election
    Norway's Sovereign Wealth Fund Supports Bp Chair's Re-Election
    Image for US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
    US Renews Russian Oil Waiver After Pressure From Countries Dealing With Iran War Price Shocks
    View All Finance Posts
    Previous Finance PostSwiss National Bank's Willingness to Intervene Has Risen, Vice Chairman Says
    Next Finance PostAsia Lng Price Surge Opens Arbitrage From West to Replace Qatari Supply