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Natural Gas Producer News

21 Jan 2024

Drone Attack: Russia Suspends Operations at Ust-Luga

© grigvovan / Adobe Stock

Russian energy company Novatek said on Sunday it had been forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire started by what Ukrainian media said was a drone attack.The giant Ust-Luga complex, located on the Gulf of Finland about 170 km (110 miles) west of St. Petersburg, is used to ship oil and gas products to international markets. It processes stable gas condensate - a type of light oil - into light and heavy naphtha, kerosene and diesel to be shipped by sea.It was not clear how long the disruption would last…

26 Oct 2022

​PetroChina Takes Delivery of Large LNG Carrier from CSSC Shipyard

(Photo: Hudong-Zhonghua Shipbuilding Group Ltd)

PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China's Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms.The vessel Shaolin, named after the renowned Chinese kungfu style, is designed to carry 174,000 cubic meters of the super-chilled fuel, PetroChina International said on its WeChat platform on Wednesday.The carrier is one of three vessels ordered in 2020 costing a total of $600 million by a joint venture between PetroChina International…

12 Jul 2022

Could the US Ship More LNG to Europe?

© Carabay / Adobe Stock

The United States, the world's top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas after Moscow invaded Ukraine on Feb. 24.But U.S. exports are limited by the country's liquefaction capacity and an ongoing outage at Freeport LNG's plant after the second-biggest U.S. LNG export facility was hit by fire in June.Russia, once Europe's biggest gas supplier, has already cut exports for various reasons this year…

25 May 2022

LNG Prices Could Stay High for a Few Years, Woodside CEO Says

Woodside CEO Meg O'Neill  - Credit: Woodside

Woodside Energy Group, Australia's top independent natural gas producer, sees liquefied natural gas (LNG) prices staying high for a few years as the market adjusts to supply disruptions after sanctions on Russia for its Ukraine invasion."With the invasion, we are seeing the world try to move away from Russian hydrocarbons and that means that demand for LNG from places like Australia is up," Woodside Chief Executive Meg O'Neill said."We do expect ... prices to remain elevated for the next year…

15 Sep 2021

Gulf Coast Oil Firms Return to Ida Recovery as Storm Nicholas Recedes

Royal Dutch Shell halted production at its Perdido offshore oil platform due to heavy winds caused by Nicholas - Image Copyright - Stuart Conway/Shell

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.Nicholas, downgraded to a tropical depression late Tuesday, caused rain, flooding, and power outages in Texas and Louisiana, where some refineries remained offline in the wake of Hurricane Ida. The earlier storm shuttered most U.S. Gulf offshore oil and gas production.Colonial Pipeline, the largest U.S.

14 Sep 2021

Oil Output, Vessel Traffic Halted as Nicholas Lashes Texas

© JACoulter / Adobe Stock

Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants.Royal Dutch Shell halted production its Perdido offshore oil platform due to heavy winds, and U.S. liquefied natural gas producer Freeport LNG said processing at its Texas coast facility was halted, likely due to a power outage.Power losses briefly cut Colonial Pipeline's main gasoline and diesel lines out of Houston…

18 Aug 2021

Sakhalin Energy: Maintenance Continues at LNG Train 2

Credit: Sakhalin Energy

Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Wednesday post-shutdown commissioning was continuing at the second LNG train at its Prigorodnoye production complex.Comprehensive maintenance work, which began on July 9, had been initially due to last around 37 days, meaning the stoppages had been expected to finish by around this week. Sakhalin Energy said the first LNG train had restarted and the Amur River LNG carrier had departed with a first LNG cargo.It was not immediately clear when the second LNG train would be back online fully…

24 Feb 2021

Cheniere Expects Rising LNG Demand with Vaccine Rollout

(Photo: Cheniere)

Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as COVID-19 vaccinations boost economic recovery.Lockdown measures implemented to curb the pandemic slashed demand for energy and hurt prices for natural gas in 2020. But with economic recovery in Asia, particularly in China, fuel sales have picked up.Shares rose 1% to $70.37 in midday trading, a more than two-year…

24 Jul 2020

Novatek Ships First LNG Cargo to Japan via Northern Sea Route

Russian oil and gas company Novatek has said it has shipped the first cargo of liquefied natural gas (“LNG”) from its Yamal LNG project to Japan transported eastbound via the Northern Sea Route.The LNG cargo was delivered by the 299 meters long ice-breaking LNG tanker “Vladimir Rusanov” under a spot contract and unloaded at the Ohgishima LNG Terminal in Japan.Novatek, the largest independent natural gas producer in Russia, said that this LNG cargo was its first successful experience of entering and unloading an Arc 7 ice-class LNG tanker in a Japanese port, which allows the company to increase the volume of LNG supplies to Japan.“We focus a significant amount of attention to develop and enhance the logistical scheme for our LNG projects,” noted Lev Feodosyev, NOVATEK’s First Deputy Chairma

02 Jul 2020

GTT Inks Licensing Deal with Zvezda Shipbuilding

(Photo: Zvezda Shipbuilding)

French engineering firm GTT announced Thursday it has signed a Technical Assistance and License Agreement (TALA) with the Russian shipyard Zvezda Shipbuilding Complex for the construction of liquefied natural gas (LNG) carriers using GTT membrane tank solutions.Zvezda obtained its GTT license after a qualification process that began in September 2017, including the construction of a Mark III technology mock-up.The TALA will allow Zvezda to build ARC7 icebreaking LNG carriers fitted with the GTT membrane storage system.

03 Feb 2020

Russia Leads E&P Race in Arctic Region

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData.GlobalData's report, ‘Arctic Exploitation’, discusses how Russia is keen on hydrocarbon appraisal and development from the Arctic region to such a great extent that it even settled its longstanding territorial dispute with Norway.The government is also providing tax incentives to companies that invest in this region.

30 Dec 2019

Yamal LNG Starts Using New Storage Tank

Novatek, the largest independent natural gas producer in Russia, started using a dedicated LNG transshipment tank at the Zeebrugge LNG terminal in Belgium.Novatek booked the tank’s capacity as part of a 20-year transshipment agreement between Yamal LNG’s unit Yamal Trade and Fluxys LNG.The dedicated LNG tank was built specifically for the transshipment needs of Yamal LNG with a capacity of 180,000 cubic meters, allowing the Project to transship up to 8 million tons of LNG per annum.“The LNG tank construction for Yamal LNG began in Zeebrugge in 2015 and its commissioning is a key milestone for the Project,” noted Lev Feodosyev, Novatek’s…

11 Dec 2019

Wison Begins Arctic LNG 2 Project

Wison Offshore & Marine (WOM), the upstream oil and gas division of Chinese conglomerate Wison Group Holding, announced the fabrication of Arctic LNG 2 Project (ALNG2 Project) commenced in Zhoushan Yard.The module fabrication contract was awarded by Technip France S.A., a wholly-owned subsidiary of TechnipFMC.Novatek, client of ALNG2 project, is the largest independent natural gas producer in Russia. ALNG2 project comprises three LNG trains at 6.6 million tons per annum each. WOM’s work scope is engineering, procurement, fabrication and commissioning of modules in train one with a total weight of 48,000 MT."With continuous support of Novatek…

10 Oct 2019

Novatek Launches Arcticgas

Russia's second-largest natural gas producer Novatek announced that Arcticgas, a joint venture between Novatek and PAO Gazprom Neft, commenced commercial production at the East-Urengoyskoye+North-Esetinskoye field within the Samburgskiy license area.It has an estimated annual production capacity of more than one (1) billion cubic meters of natural gas and 0.2 million tons of gas condensate. The new production capacity is located in close proximity to the Company’s existing infrastructure, which allowed Novatek to quickly commence initial production and optimize the capital costs.The field will contribute to incremental growth in Novatek’s…

03 Oct 2019

Yamal LNG Increases Asia-Pacific Shipments Via NSR

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 current fleet of 13 Arc7 ice-class tankers along with lower ice-class designated tankers to transport LNG cargos support the Yamal LNG project.The full compliment of 15 Arc7 ice-class tankers are expected to be in operation by end of 2019…

27 Sep 2019

Japanese Backers for Novatek's LNG Complexes

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, including Yamal LNG and Arctic LNG 2, and, accordingly…

06 Sep 2019

Green Light for Arctic LNG 2

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…

05 Sep 2019

Novatek Signs MoU with Petronet LNG

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 a network of filling stations and a fleet of LNG-fueled trucks.“India’s rapid economic growth requires increasing demand for all sources of energy and, primarily, for natural gas as the most environmentally friendly type of fuel.

05 Sep 2019

Novatek, Sovcomflot Announce Shipping JV

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, ensuring the optimized transportation from Novatek’s future LNG projects in the Russian Arctic region, including the Arctic LNG 2 project.“The efficient development of the Northern Sea Route as a viable…

04 Sep 2019

Novatek Signs LNG Pact with Chukotka

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, the  ice-class LNG tankers will navigate along the Arctic coast of the Chukotka Autonomous Region year-round and almost daily…

01 Sep 2019

Novatek Wins Arctic Gas Field

Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye gas field.The license is located on the Gydan peninsula in Yamal-Nenets Autonomous Region, said the natural gas producer in Russia.The license area has estimated hydrocarbon resources of 2,183 billion cubic meters of gas and 212 million tons of liquids, or 16 billion barrels of oil equivalent according to the Russian resource classification system.The license term is 27 years and the auction resulted in one-time payment for the subsoil use in the amount of RR 2…

26 Jul 2019

Vladimir Rusanov Opens Northern Sea Route

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, which is less than half the time required to transport a cargo of LNG along the traditional westbound route via the Suez Canal and Strait of Malacca."For the second year in a row…

23 Jul 2019

Novatek Closes in on Arctic LNG 2

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 and Metals National Corporation (Japan Arctic LNG).“We now have formed the structure of the Project’s participants by successfully closing the sale of interests in Arctic LNG 2…

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