Jogmec News

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies' said.The liquefied natural gas (LNG) project in the Russian Arctic has faced challenges from U.S. sanctions imposed on the project last November over the conflict in Ukraine, and subsequent force majeures by shareholders.At the end of 2023 Arctic LNG 2 started tentative production at its first train, which is yet to deliver a first cargo.

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard, have signed a memorandum of understanding (MoU) with Mitsui & Co on the collaborative study for ocean-going liquified CO2 (LCO2) carriers for large-scale international transportation from 2028 onwards.With the plans for LCO2 carries the companies aim to accommodate the carbon dioxide capture and storage (CCS) business led by Japanese government.Utilizing the technologies and construction know-how of Mitsubishi Shipbuilding and Nihon Shipyard…

Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday.The project, seen as a key element in Russia's drive to boost its LNG global market share to 20% by 2030 from 8%, was already facing difficulties due to U.S. sanctions over the conflict in Ukraine and a lack of gas carriers.China's state oil majors CNOOC  and China National Petroleum Corp (CNPC) each have a 10% stake in the project…

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNG 2 project due to sanctions shows the hurdles it faces.Novatek's announcement comes after the United States last month imposed sanctions on Arctic LNG 2…

The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine. The Office of Foreign Assets Control, part of the Treasury Department, also issued a general license that authorizes the wind down of transactions involving Arctic LNG-2, through Jan.

Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project is operated by Russia's Novatek while Japanese trading company Mitsui & Co and state-owned Japan Organization for Metals and Energy Security (JOGMEC) hold a combined 10% stake.Mitsui and JOGMEC are set to receive a combined 2 million metric tons of LNG per year from the project.The latest sanctions are part of several economic measures the U.S.…

Japan will stress the importance of investment in natural gas, liquefied natural gas as well as cleaner fuels such as hydrogen and ammonia during its presidency of the G7 this year, a source said, but would keep it clean to meet 2050 carbon neutral goal.Japan, president of the rich-country grouping for 2023, will hold a ministerial meeting on climate, energy and environment in the city of Sapporo on April 15-16, ahead of the main G7 summit in Hiroshima on May 19-21.Japan expects global energy markets to remain tight for years and it would "emphasise investment into natural gas…

Russian gas company Novatek has signed heads of agreement with Glencore for the long-term supply of LNG from the Arctic LNG 2 project.The agreement, signed Wednesday at Saint-Petersburg International Economic Forum, established the key commercial terms for the long-term supply of more than of 0.5 million tons of LNG per year from the Arctic LNG 2 project. The LNG will be delivered to a number of locations in East Asia, Novatek said.Leonid Mikhelson, NOVATEK's Chairman of the Management…

Norway's oil and gas reserves have made it one of the world's wealthiest countries but its dreams for deep-sea discovery now center on something different.This time, Oslo is looking for a leading role in mining copper, zinc, and other metals found on the seabed and in hot demand in green technologies.Norway could license companies for deep-sea mining as early as 2023, its oil and energy ministry told Reuters, potentially placing it among the first countries to harvest seabed metals for electric vehicle batteries…

Japan's Mitsui OSK Lines Ltd (MOL) said on Monday it has signed a 30-year charter contract with the operator of the Arctic liquefied natural gas (LNG) 2 project, led by Novatek, for three ice-breaking carriers for the Russian project.The three vessels will be built by South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd, costing about 90 billion yen ($859 million) in total, and are scheduled for delivery in 2023, MOL said.The carriers will mainly transport LNG from a…

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed shipbuilding contracts with Russia's Sovcomflot and Japan's Mitsui O.S.K. Lines for the construction of six icebreaking Arc7 liquefied natural gas (LNG) carriers based on a newly developed design.The new ships will be the second generation of vessels engineered to transport LNG from the Russian Arctic, with special emphasis on year-round operation in the eastern sector of the Northern Sea Route.DSME…

Russian gas giant Novatek has informed that its Arctic LNG 2 joint venture has entered into long-term charter agreements for 14 Arc7 ice-class LNG tankers.The Arctic LNG 2 partners have signed the charter agreements will SMART LNG, a joint venture established in September 2019 between NOVATEK and PAO Sovcomflot. The vessels will be built in Russia's Zvezda Shipbuilding Complex and will serve the giant Arctic LNG 2 project on the Gydan peninsula, Russia. The LNG Carriers will operate under the Russian Federation flag.

On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others.Through a consignment service agreement with OGF and JOGMEC, NYK is entering the geophysical survey business at the most upstream part of the energy value chain and making efforts to accumulate experience and…

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, the second and third train to start up by 2024 and 2026.Total has a direct 10% interest in Arctic LNG 2 alongside Novatek (60%), CNOOC (10%), CNPC (10%) and a Mitsui-Jogmec consortium, Japan Arctic LNG (10%). Total also owns an 11.6% indirect participation in the project through its 19.4% stake in Novatek, thus an aggregated…

Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural gas and liquefaction facilities with a production capacity of 19.8 million tonnes per year from the conventional onshore gas field located on the Gydan Peninsula within the Arctic Circle…

New joint venture company Ocean Geo-Frontier (OGF) on Monday signed a consignment service agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for geophysical surveys to be conducted by a three-dimensional geophysical survey vessel.OGF was established in December 2018 to meet an expected demand increase for offshore surveys after Japan’s Cabinet Office approved the Third Basic Plan on Ocean Policy for the development of domestic resources, including oil and gas…

Norwegian seismic services provider Petroleum Geo-Services (PGS) has offered to sell the Ramform Sterling vessel to the Japan Oil, Gas and Metals National Corporation (JOGMEC).The seismic services that help oil companies to find oil and gas reserves offshore worldwide said in a press release that it had been informed that JOGMEC, an incorporated administrative agency of Ministry of Economy Trade and Industry, is the preferred tenderer and that negotiations would be initiated with the aim of concluding necessary contracts."PGS has now been informed that the Company is the preferred tenderer, and negotiations will be initiated with the aim of concluding necessary contracts. A final award to PGS will only take place if and when all contracts have been concluded.

Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership. On the first visit to Brazil in a decade by a Japanese prime minister, Japanese banks extended $700 million in loans to boost Brazilian soy and corn exports to Japan and build ship platforms for Brazil's burgeoning offshore oil industry. Abe told Brazilian business leaders that Japan has closed a 15-year deflation cycle since his stimulus policies began to kick in and there is great potential to expand trade and investment with Latin America's biggest economy. "With Japan growing again, we can grow with other nations," he said in comments to executives translated by an interpreter.

Japan to begin the world’s first offshore drilling operation to extract frozen natural gas locked under the seabed. Japan Oil, Gas & Metals National Corp., known as JOGMEC, and the National Institute of Advanced Industrial Science and Technology will begin test production for methane hydrate in the Nankai Trough about 50 kilometers (31 miles) off the coast of the country’s main island of Honshu, reports Bloomberg. Deposits of methane hydrate, known as “burnable ice,” could provide Japan with a “next-generation source of clean energy” and may be large enough to supply the country’s natural gas needs for about 100 years, according to JOGMEC. The government plans to develop technology to enable commercial use of methane hydrate by fiscal 2018. Source: Bloomberg

Cargotec won the Best Supplier award 2010 from Mitsubishi Heavy Industries Shimonoseki shipyard in Japan. It was given to Cargotec’s Offshore business and local Japanese team and, in part, is recognition of the company’s drive to understand future customer needs through the provision of an extensive geographic presence and strong collaboration with customers. “This award is a great acknowledgement from an important customer in the Asian market,” says Edvin TunheimTønnessen, Cargotec contract manager, Advanced Load Handling.

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for construction of a wide-area seabed research vessel from the Japan Agency for Marine-Earth Science and Technology (JAMSTEC), and an agreement has been signed. The vessel on order will efficiently advance wide-area research into seafloor resources, its comprehensive research capabilities to include elucidation of mineral and ore deposit origins and formation conditions, and will also enable contributions to disaster prevention research.

Japan Oil, Gas and Metals National Corporation (JOGMEC) recently awarded Kongsberg Defence Systems a contract for the delivery of one Kongsberg TOPAS PS 18 Parametric Sub-bottom Profiler system. The contract was handled through the Kongsberg agent in Japan, Nippon Kaiyo Co. Ltd. The system will be installed on board R/V Hakurei-Maru No.2 in February 2010, and it will replace an existing Atlas Parasound system. The intended use of the system is for resource mapping, research etc. in deep waters. The contract was won in an open competition. This is the first Kongsberg TOPAS system to be delivered to Japan. The Kongsberg TOPAS Parametric Sub-bottom Profilers are being used world-wide for commercial, scientific, military, and various research purposes.