Management Board News

17 Nov 2019

Poland Ends Major Russian LNG Contract

Pic: Gazprom

Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied natural gas (LNG) supplies when the agreement expires after 2022.In accordance with the provisions of the Yamal Contract, three years prior to its original termination date, i.e. by December 31st, 2019, the parties are required to submit a declaration whether or not they intend to continue their contractual relationship beyond 2022.Gazprom Export, the gas-exporting arm of state-controlled Gazprom…

30 Oct 2019

Poland's PGNiG to Charter LNG Tankers

file Image: QGTC

Poland's state-run gas firm PGNiG has started the tender process to charter liquefied natural gas (LNG) tankers for its new imports of the super-chilled fuel, a senior company official said on Wednesday.The company currently imports most of the gas it sells to its customers from Russia's Gazprom, but Warsaw has taken steps to reduce that reliance so that it does not have to extend a long-term deal on gas supplies after 2022, when it is scheduled to expire.It has bought more LNG from Qatar and the United States and has signed import deals with companies including U.S.

28 Oct 2019

Tallink Grupp Names New Vessel MySTAR

Pic: Tallink Grupp

Estonian shipping company Tallink Grupp announced that the name of the new Tallinn-Helsinki route shuttle vessel MySTAR.The new dual-fuel vessel  will be built at Rauma shipyard in Finland and is due to be completed by the end of 2021.The name for the vessel was proposed as an entry in the vessel naming competition by a Finnish national.The shipping company ran a naming competition for the new vessel this summer and the final decision regarding the name was made by the company’s…

08 Oct 2019

AWT Becomes PKP Cargo International

Image:  Hafen Hamburg Marketing

Polish rail freight operator PKP Cargo has rebranded its Czech subsidiary Advanced World Transport (AWT) to PKP Cargo International. Besides the new name, the Czech company has obtained a new corporate logo and colours.Advanced World Transport is the second largest rail freight carrier in the Czech Republic. In May 2015, PKP Cargo S.A. took over 80 percent shares in the company, and in November 2017 the remaining 20 percent.In December 2018, AWT acquired 80 percent shares in the company Primol-Rail d.o.o.…

08 Oct 2019

FERC Approves Plaquemines LNG Facility

Map courtesy: Venture Global LNG

The US Federal Energy Regulatory Commission has approved the construction of Venture Global's proposed $8.5 billion Plaquemines liquefied natural gas export facility in Louisiana. Venture Global LNG to build an LNG Plaquemines export terminal and a gas pipeline between the terminal and the interstate gas network.PGNiG will receive liquefied natural gas from this terminal from 2023.“We congratulate our American partners from Venture Global LNG for obtaining the final FERC approval for the construction of the second natural gas liquefaction facility.

07 Oct 2019

ONE SEA Appoints Hägg as Chairman

Riku-Pekka Hägg (Photo: ONE SEA)

ONE SEA, the industry alliance whose primary aim is to lead the way towards an operating autonomous maritime ecosystem by 2025, has appointed Riku-Pekka Hägg as Chairman of its Management Board.Hägg, who will oversee ONE SEA while retaining his current role as Vice President, Ship Design and Integrated Solutions Sales at Wärtsilä. He is a maritime technology thought leader and strategist whose experience is steeped in the business of change.Having fulfilled an array of strategic roles at Wärtsilä…

03 Oct 2019

Yamal LNG Increases Asia-Pacific Shipments Via NSR

Image: Novatek

Russia’s largest independent natural gas producer Novatek said that its operated Yamal LNG project has shipped 15 cargoes of liquefied natural gas (LNG) to Asia-Pacific markets directly via the Northern Sea Route (NSR) during 3Q19.The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 volumes of LNG delivered eastbound to the Asian Pacific markets via the NSR will be increased by more than 4 times compared to last year.A…

27 Sep 2019

Japanese Backers for Novatek's LNG Complexes

Image: Novatek

Russia’s largest independent natural gas producer and LNG project operator Novatek has formed ties with Japan's shipper Mitsui O.S.K. Lines (MOL) and Japan Bank for International Cooperation (JBIC) to collaborate on liquefied natural gas (LNG) projects.The three companies will implement projects for construction of a marine LNG transshipment complexes in Kamchatka Territory and Murmansk Region, including possible acquisition of participation interest in projects and potential financing of projects.“We have already started successful cooperation with Japanese companies in large LNG projects…

24 Sep 2019

Sovcomflot Elects New Chairman and New CEO

Sergey Frank (Photo: Sovcomflot)

On September 24, 2019, the Board of Directors of PAO Sovcomflot elected Sergey Frank as its new Chairman. Igor Tonkovidov was appointed as the company's new Chief Executive Officer. Both appointments are with immediate effect.The meeting was attended by Maxim Akimov, Deputy Prime Minister of Russia, who noted in his address: "Through consistent implementation of Sovcomflot's Strategies 2005-2011 and 2012-2018, the company has transformed itself into a global leader in energy shipping and offshore services. Over the past 15 years, Sovcomflot fleet has grown more than threefold.

06 Sep 2019

Saibu Gas, Novatek JV to Market LNG

Image: Novatek

Japanese natural gas distribution company Saibu Gas and Russian LNG project operator Novatek revealed plans to form a joint venture.Novatek announced that it has signed the Heads of Agreement (HoA) with Saibu Gas in the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin.According to the Agreement, the Parties intend to establish a joint venture focused on marketing LNG and natural gas to end customers and developing the business for bunkering and gas-fired power generation in Japan and the Asian region…

06 Sep 2019

Eesti Begins LNG Bunkering in Hanko Port

Image: Eesti Gaas

Estonian energy company Eesti Gaas began providing liquefied natural gas (LNG) bunkering services to LNG-powered vessels in the port of Hanko, Finland, for the first time in addition to Tallinn and Helsinki.For the port of Hanko, this means scheduled LNG bunkering on its premises, and Eesti Gaas will be providing the service to two new ships in addition to Tallink’s Megastar.The two ships bunkered by Eesti Gaas in the port of Hanko are the largest dual fuel LNG vehicle carriers in the world.

05 Sep 2019

Novatek Signs MoU with Petronet LNG

Image: Novatek

Russia’s largest independent natural gas producer Novatek signed a memorandum of understanding (MoU) on cooperation with India’s largest liquefied natural gas importer Petronet LNG.The MoU envisages delivering LNG supplies from Novatek's portfolio to the Indian market, including natural gas supplies for power generation, as well as investment by Petronet LNG in Novatek's future LNG projects and the joint marketing of LNG as motor fuel in India, including joint investment in developing…

21 May 2019

Novatek in Arctic LNG 2 Deal with TechnipFMC

Image: Novatek

Russian largest independent gas producer and liquefied natural gas (LNG) player Novatek signed a deal with TechnipFMC for its Arctic LNG 2 project.The contract was signed on engineering, procurement, supply, construction and commissioning (EPC) of an integrated liquefied natural gas facility with an annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project, said a press release from the Russia's second largest natural gas producer.The contract terms provide for the launch of the first train of the project in 2023…

07 Jun 2019

Chinese, Russian Majors Ink Arctic LNG Deal

Photo: Sovcomflot (SCF Group)

Russia's second largest natural gas producer Novatek, Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot, Chinese state-owned shipping and logistics services supplier company COSCO Shipping Corporation Limited, and the Chinese government owned investment fund Silk Road Fund, signed a four-party agreement to establish a joint venture Maritime Arctic Transport LLC.The focus of the Maritime Arctic Transport joint venture is to manage an icebreaking tanker fleet of Arctic ice-class vessels…

09 Jun 2019

Sibur and Sinopec Link on Amur JV

Pic: Sibur

Russian petrochemicals giant Sibur has signed several agreements with Chinese state-owned conglomerate China Petroleum & Chemical Corporation (Sinopec).One deal relates to Sinopec’s potential participation in Sibur’s previously announced Amur Gas Chemicals Complex (AGCC) in Russia’s Far East.Sinopec, Chinese oil and gas enterprise based in Beijing,  which bought a 10% stake in Sibur in December 2015, is expected to take a 40% share in the joint venture, subject to a final investment decision in the project…

26 Jun 2019

Yamal LNG Ships 1st LNG Cargo to Japan

Pic: Novatek

Russian natural gas producer Novatek announced that Yamal LNG shipped the first LNG cargo to Japan in accordance with the long-term off-take agreement with TOTAL.It was unloaded at the Tobata LNG Terminal in accordance with the delivery schedule, said a release from Russia's largest private gas producer.“Commencing LNG shipments to the Japanese market represents an important milestone for the Company as Japan is an important LNG market and one of the priority destinations in our LNG marketing strategy…

10 Jun 2019

Partnership for Vietnam LNG-to-Power Project

Image: Total EP

Russia’s largest private gas producer Novatek will work alongside French multinational integrated oil and gas company Total, state-controlled compatriot oil company Zarubezhneft and Germany's Siemens on Vietnamese LNG-to-power project.The partners signed a Memorandum of Understanding (MOU) on cooperation in Vietnam.The MOU envisages developing of an integrated energy-generating project with the use of liquefied natural gas (LNG) within the Socialist Republic of Vietnam.“The Vietnamese…

11 Jul 2019

Novatek Signs LNG Equipment Deal

Image: Novatek

The Russian natural-gas company Novatek and Atomenergomash, a mechanical engineering division of the Rosatom State Corporation, have signed a memorandum on strategic partnership and localizing the fabrication of critical equipment for liquefied natural gas (LNG) production.Novatek said that under the memorandum, the two companies will cooperate in the long term to localize the fabrication of pumps, heat exchangers and other equipment for Novatek's LNG projects at Atomenergomash's…

04 Sep 2019

Novatek Signs LNG Pact with Chukotka

Pic: Novatek

Russia's largest independent natural gas producer Novatek has signed a cooperation agreement with the Government of the Chukotka autonomous area, situated in the Russian Far East.As per the agreement, Novatek will consider supply LNG for use in power generation, and as fuel for transport and mining operations."The Russian Federation fully supports the development of the Northern Sea Route as a yearly navigational route connecting the Asian Pacific and European markets. When our LNG transshipment complex in the Kamchatka Territory and the Arctic LNG 2 project become fully operational…

04 Sep 2019

India's H-Energy, Novatek Ink LNG Pact

Photo: H-Energy

India's H-Energy Global signed an agreement to buy liquefied natural gas (LNG) from Russian gas producer Novatek on a long-term contract as it looks to meeting energy needs of Asia's third-largest economy.The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of Novatek, as well as establishing a joint venture to market LNG and natural gas from Novatek’s portfolio to end-customers in India, Bangladesh and other markets.“India is one of the largest and fastest growing LNG markets, and will be one of the

05 Sep 2019

Novatek, Sovcomflot Announce Shipping JV

Image:  Novatek

Novatek, Russia’s natural gas producer and liquefied natural gas (LNG) major, has signed a heads of agreement on creating a joint venture (JV) with its compatriot shipping company Sovcomflot.According to the Agreement, the Parties intend to create a shipping company, with the potential involvement of other JV participants.The joint venture will focus on managing the construction and operations of Arctic ice-class LNG carriers in accordance with best industry practices and international standards…

23 Jul 2019

Novatek Closes in on Arctic LNG 2

Image: Novatek

Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies.The second largest natural gas producer in Russia announced the closing of the sale of participation interests in Arctic LNG 2 Project to wholly owned subsidiary of China National Petroleum Corporation (CNPC), wholly owned subsidiary of CNOOC Ltd. (CNOOC), and the consortium of Mitsui & Co and Japan Oil, Gas…

26 Jul 2019

Vladimir Rusanov Opens Northern Sea Route

Image: PAO Novatek

Russian natural gas producer Novatek announced that the Arc7 ice-class LNG tanker 'Vladimir Rusanov' completed the Northern Sea Route (NSR) passage via the Eastern direction, delivering an LNG cargo from the Yamal LNG project, at the port of Sabetta, to China's port of Tianjin.The 168,560 cbm vessel shipped transited the ice-covered part of the route in only 6days, setting a new record for independent passage via the NSR without ice-breaking support with cargo on board.The net voyage time from Sabetta to the destination port was completed in a record 16 days…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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