Yamal Lng News

07 Feb 2020

Four More Icebreaking LNG Carriers for Smart LNG

Smart LNG LLC, a joint venture of Sovcomflot and Novatek, signed an agreement with VEB.RF Group for lease financing of four Arc7 icebreaking LNG carriers for the Arctic LNG 2 project. At the same time, SMART LNG signed long-term time charter agreements for these tankers with Arctic LNG 2 LLC.The vessels will be built at Zvezda Shipbuilding Complex in the Russian Far East. Earlier, in October 2019, SCF Group signed financing and long-term time charter agreements for the lead vessel in this series.The design of the series draws upon the experience of operating Christophe de Margerie, the world’s first icebreaking LNG carrier, introduced in 2017. This led to the integration of various advanced engineering solutions into the design.

09 Jan 2020

Yamal LNG Gets New LNG Vessel

Image: Mitsui O.S.K. Lines, Ltd.

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for an LNG carrier, jointly ordered by MOL and China COSCO Shipping.The naming ceremony for the LNG Merak carrier was held on Wednesday, January 8, at Hudong-Zhonghua Shipbuilding yard, according to MOL.The "LNG Merak" is the second of four newbuilding LNG Carriers for the Yamal LNG Project announced at the end of June, 2017, and the sister vessel of the "LNG Dubhe" which was delivered at the end of last…

30 Dec 2019

Yamal LNG Starts Using New Storage Tank

Image: Novatek

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…

17 Dec 2019

Zvezda Shipyards Secures Arc7 Tanker funding

Russian state development bank VEB said on Tuesday it has provided first tranche worth $66 million to Rosneft-led Zvezda shipyard to finance construction of the first Arc7 gas tanker for Novatek's Arctic LNG 2 project.VEB has said its board has approved financing for 15 Arc7 gas tankers for the Arctic LNG 2 project which is expected to start liquefied natural gas (LNG) production in the first part of the next decade in what will be Novatek's second big LNG plant.For its pilot LNG plant, Yamal LNG, Novatek has ordering Arc7 ice-class LNG tankers from South Korea's Daewoo Shipbuilding and Marine Engineering (DSME).Reporting by Darya Korsunskaya

11 Dec 2019

Yamal LNG Gets All 15 Arc7 Ice-Class Tankers

Image: Yamal LNG

Russian liquefied natural gas (LNG) producer Yamal LNG  announced the operational start of the new Arc7 ice-class LNG tanker “Yakov Gakkel”,  the fifteenth and final Arc7 ice-class tanker built specifically for the Project.The Yakov Gakkel has loaded the 354th LNG cargo in the port of Sabetta bound to China, said a press note.The vessel was built by Daewoo Shipbuilding and Marine Engineering (DSME) and is owned and operated by a 50-50 joint venture by Teekay LNG and China LNG Shipping.

11 Dec 2019

ABB Delivers for Icebreaking LNG Carrier Fleet

Photo: ABB

The final vessel in 15-ship series enters service for Yamal LNG project ahead of schedule.Yakov Gakkel, owned by joint venture between Teekay LNG Partners and China LNG Partners, joins a fleet of 15 specially designed tankers transporting liquefied natural gas (LNG) year-round from one of Russia’s most significant export developments in a generation, Yamal LNG.Built in less than six years and to ARC7 ice class, fifteen 170,000m3 capacity vessels have opened the Northern Sea Route…

02 Dec 2019

Yamal LNG Reaches Bangladesh

Eduard Toll. Image: Teekay

Novatek has announced the delivery of liquefied natural gas (LNG) cargo from Russia’s Yamal LNG project to Bangladesh in accordance with the long-term offtake agreement with Total.The consignment was delivered along the westbound route via the Suez Canal with transshipment from the ice class Arc7 LNG tanker “Eduard Toll” to a conventional type LNG tanker at the Belgian terminal located at Zeebrugge. The LNG cargo was unloaded at the Summit LNG Terminal in Bangladesh in accordance…

02 Dec 2019

Yamal LNG Exceeds Nameplate Capacity

Image: NOVATEK

Yamal LNG, a liquefied natural gas plant located in Sabetta at the north-east of the Yamal Peninsula, Russia, announced that since the beginning of 2019, the LNG plant produced more than 16.5 million tons of LNG.The Project exceeded its annual nameplate production capacity during the first eleven months of the year, when all three LNG trains were in operation, as the third LNG train was launched at the end of 2018.Yamal LNG has reached 25 million tons of LNG shipped since the start-up of Train 1 in December 2017…

18 Nov 2019

Teekay Adds 5th Arc7 LNG carrier

Image: Teekay LNG Partners

Teekay LNG Partners, the liquefied natural gas (LNG) carrier owner and operator, has taken delivery of its newest Arc7 icebreaking LNG carrier.According to company sources, Teekay together with its joint venture partner China LNG Shipping took delivery of the fifth 50 percent-owned Arc7 LNG carrier newbuilding Georgiy Ushakov, which immediately commenced its 26-year charter contracts servicing the Yamal LNG project.The newbuild is currently on her way to Sabetta for her first loading and will soon embark on her golden voyage.Three months ago…

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.

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