Novatek introduced that its three way partnership Arctic LNG 2 entered into long-term constitution agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a three way partnership between NOVATEK and PAO Sovcomflot), with the development of the LNG tankers to be constructed on the Zvezda Shipbuilding Complex. The signing of the constitution agreements allowed SMART LNG to conclude the corresponding contracts with the VEB.RF Group and Zvezda Shipbuilding Complex LLC for the development and lease financing of those vessels.
In October 2019, the contracts for chartering, financing and building of a pilot ice-class LNG tanker to be constructed on the Zvezda shipyard have been signed. Earlier, the individuals of Arctic LNG 2 (NOVATEK, TOTAL, CNPC, CNOOC, and the consortium of Mitsui and JOGMEC) in accordance with the Projects’ Sea Transportation Strategy, authorized the development of 15 Arc7 ice-class LNG tankers at Zvezda Shipbuilding Complex.
The building of 15 state-of-the-art ice-class gasoline tankers ensures the core formation of the Arctic fleet for the Project that may enable the yr spherical transport of LNG alongside the Northern Sea Route to the Asian Pacific area, and supply an vital stimulus to develop the Russian shipbuilding business.
Arctic LNG 2 envisages setting up three LNG liquefaction trains of 6.6 million tons each year every, in addition to cumulative gasoline condensate manufacturing capability of 1.6 million tons each year. The whole LNG capability of the three liquefaction trains might be 19.eight million tons. The Project makes use of an modern building idea utilizing gravity-based construction (GBS) platforms to scale back general capital price and reduce the Project’s environmental footprint within the Arctic zone of Russia.
The Project’s individuals embody: NOVATEK (60%), TOTAL (10%), CNPC (10%), CNOOC (10%) and the consortium of Mitsui and JOGMEC (10%).
The Zvezda shipyard is a big shipbuilding and engineering complicated within the city of Bolshoy Kamen within the Russian Far East, owned by United Shipbuilding Corporation. Current work contains ships for Rosneft and Gazprom.
(Source: Novatek – Image: Zvezda shipyard)

The publish NOVATEK WILL CHARTER 15 ARCTIC TANKERS TO BE BUILT AT ZVEZDA SHIPYARD appeared first on Energy Global News.

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