Yamal Lng News

06 Nov 2019

GasLog Sees Tighter LNG Shipping Market

Pic: GasLog

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

23 Oct 2019

Yamal LNG Tanker JV No Longer Under Sanctions

Teekay LNG's liquefied natural gas (LNG) tanker venture, the Yamal LNG Joint Venture, is no longer subject to U.S. sanctions after a change of ownership at its partner China LNG Shipping (Holdings) Ltd, Teekay companies said late on Tuesday.Teekay LNG and China LNG Shipping each own half of Yamal LNG Joint Venture.

22 Oct 2019

Teekay Resolves China LNG JV Issues

Pic: Teekay Group

Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified as a “blocked person” under Office of Foreign Assets Control (OFAC) rules.According to a press release from the owners and operators of LNG carriers, providing LNG and LPG marine transportation services firm, Teekay Corporation and Teekay LNG Partners announced that COSCO Shipping Energy Transportation, a COSCO group firm…

08 Oct 2019

Novatek in Talks on LNG Transhipment

Photo: Novatek

Russia's liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia's Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, a Novatek official said.The United States imposed sanctions on Sept. 25 on state-owned COSCO's subsidiaries, COSCO Shipping Tanker (Dalian) Co and COSCO Shipping Tanker (Dalian) Seaman & Ship Management, for allegedly ferrying Iranian crude.U.S.-listed ship owner Teekay LNG said last week its shipping joint venture in Russia, Yamal LNG, had been "blocked" by the U.S.

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…

26 Sep 2019

MOL Names LNG Carrier for Yamal Project

Photo: MOL

Japan’s shipping major Mitsui O.S.K. Lines (MOL) held a naming ceremony for a conventional LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation, was held at Hudong-Zhonghua Shipbuilding.Featuring a capacity of 174,000 m3, the newly built vessel was named LNG Dubhe after a star in the constellation Ursa Major. The vessel is the first of four newbuilding conventional LNG carriers for the Yamal LNG project.The LNG DUBHE is scheduled to go into LNG transportation…

17 Sep 2019

McDermott JV Bags Arctic LNG-2 Deal

Image: Mcdermott Wuchuan

Engineering services firm McDermott International announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.McDermott defines a large contract as between $50 million and $250 million. The designation refers to McDermott’s share of the award via its joint venture."This award recognizes QMW's experience and excellent performance in the Arctic on an earlier Yamal LNG project.

06 Sep 2019

Green Light for Arctic LNG 2

Image: Novatek

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%).

16 Aug 2019

Teekay Adds 4th Arc 7 Icebreaking LNG Carrier

Image: Teekay

Bermuda-headquartered Teekay has taken delivery of Vladimir Voronin, the fourth in a series of six Arc 7 icebreaking liquefied natural gas (LNG) carriers intended for Yamal LNG project."Named after the famous Soviet sea captain, we have recently taken final delivery of Vladimir Voronin HN 2431, the fourth in the series of our six Arc 7 ice breaking LNG newbuilds," said a press statement from Teekay, which has developed from a regional shipping company into one of the world's largest marine energy transportation…

07 Aug 2019

MOL, COSCO Pact on LNG, Ethane Projects

Photo: Mitsui O.S.K. Lines

Japanese shipping company Mitsui O.S.K. Lines (MOL) and China’s Cosco Shipping Energy Transportation (CSET) have signed a memorandum of understanding to further cooperate in LNG carrier and ethane carrier projects."The MOU recognizes and further develops the joint cooperation between the two organizations, for future LNG carrier projects and Ethane carrier projects," said a press release.Over more than 10 years, MOL and CSET have established a strong and extensive partnership…

29 Jul 2019

Sovcomflot Orders 3 LNG MR Product Tankers

Image: Sovcomflot

Russian maritime shipping company PAO Sovcomflot approved transactions with Zvezda Shipbuilding Complex (Primorsky Region) and a subsidiary of JSC VEB Leasing to place orders for the construction of three new-generation MR product carriers using LNG as their main fuel.The vessels will be chartered to a subsidiary of PJSC NOVATEK under twenty year time-charter agreements, said a press release from the state-owned firm specializing in LNG shipping.Sergey Frank, President and CEO of Sovcomflot…

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…

22 Jul 2019

Last Yamal LNG Arctic Ships on Sea Trials

Arctic Firsts: Arc 7 LNG carriers, including the Risunok and the ice-breaking Christophe de Margerie (pictured here). (Photo Courtesy: Yamal LNG and Sovcomflot)

The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard, Refinitiv Eikon shipping data showed on Monday.The Georgiy Ushakov and Yakov Gakkel LNG tankers are both in water at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea and indicating they are performing sea trials, the data showed. The Vladimir Voronin, meanwhile, finished its sea trials and has left the Sea of Japan, setting Yamal LNG as its destination.

19 Jul 2019

MOL Names 3rd Yamal LNG Carrier

Pic: MOL

Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).The newbuilding has been named Nikolay Urvantsev, in honor of the famous Russian Arctic explorer and geologist. A crowd of VIPs, including personnel from PAO Novatek, the main shareholder of the Yamal LNG…

17 Jul 2019

Vinci Bags $306mln LNG-Tank Contract in Canada

Pic: Vinci Construction

European contractor Vinci Construction has been awarded  contract to build a 225,000 m3 liquefied natural gas (LNG) tank in Canada.The Joint Venture composed of Entrepose Contracting and Vinci Construction Grands Projets, said in a release that the contract, which covers the engineering, procurement and construction (EPC) of the tank, is worth CAD $400 million (about US$306 million).“The strong co-operation between Entrepose Contracting and Vinci Construction Grands Projets has a unique track record of construction in harsh climates.

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…

10 Jul 2019

GAC Denmark Opens in Kalundborg

Image:  GAC Denmark

The shipping services company GAC Denmark has opened a new branch in Kalundborg to better serve the needs of GAC’s global principals in the liquid bulk and other sectors.Kalundborg, located 100 km west of Copenhagen,  is a key location for liquid and dry bulk cargo with a perfect setup for larger projects for industry players such as Equinor, Yamal LNG and Chevron.The new Kalundborg office, following the opening of a branch office in Aarhus last year and another in Esbjerg in 2015…

05 Jul 2019

Arctic Sea Route Opens for Year's First LNG Cargo

AdobeStcok / © Cascoly2

A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its way through Arctic waters north of Russia towards Asia, marking the first voyage of the 2019 summer season across the Northern Sea Route.The Vladimir Rusanov, an Arc7-classed LNG tanker that can plough through semi-cleared waters, left the Sabetta port on June 29 and is in the Chukchi Sea close to the Bering Strait, Refinitiv Eikon shipping data showed on Friday.The route…

02 Jul 2019

Mitsui, JOGMEC join Arctic LNG-2

Image of LNG Plant: Novatek

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…

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…

18 Jun 2019

Two Yamal Arctic LNG Tankers to Start Sea Trials

A new Arc7 class ice-breaking liquefied natural gas (LNG) tanker, the Nikolay Urvantsev, is undergoing sea trials, Refinitiv data shows, becoming the 13th vessel to join a fleet servicing Novatek's Yamal plant.The vessel, previously known only as DMSE 2432, is owned by Mitsui OSK Lines (MOL) and was built at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in South Korea. It is currently in the Korea Strait.Another Arc7 tanker, the Vladimir Voronin, is also undergoing sea trials. The Nikolay Yevgenov, meanwhile, which underwent sea trials in April, delivered its first cargo last week.The Yakov Gakkel, which had been due to begin operation next year…

07 Jun 2019

MOL, Makarov University Pact on Northern Sea Route

Pics: MOL

Mitsui O.S.K. Lines (MOL) signed a Memorandum of Understanding (MOU) with the Admiral Makarov State University of Maritime and Inland Shipping during a meeting held in St.Petersburg, the Russian Federation.The MOU reconfirms and further develops the cooperation between the two organizations related to the training of seafarers especially in the field of Northern Sea Route operations.MOL has been operating icebreaking LNG carriers for the Yamal LNG project that navigate in the Northern Sea Route…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News