02 Februari 2020

[020220.EN.SEA] 15 Ice-breaking LNG Tankers Go To Yamal Peninsula, 15 More to Come


RUSSIA's natural gas giant Novatek has taken delivery of the last of 15 ice-breaking Arc7 LNG carriers to export gas from the Yamal Peninsula, reports High North News of Bodo, Norway.

With the opening of the Novatek's next project, Arctic LNG 2, just three years away, the company is looking for the timely construction of an additional 15 Arc7 LNG carriers.

While the original vessels were constructed by South Korean Daewoo Shipbuilding and Marine Engineering (DSME), China aims to secure contracts for this next batch of vessels. The country's largest shipyard, Hudong Zhonghua that is a subsidiary of the China Shipbuilding Industry Corporation, has submitted a bid for up to 10 vessels with Novatek looking abroad to build new Arc7 vessels.

As part of Russia's policy to reinvigorate domestic shipbuilding activities, Novatek had originally intended to procure all 15 vessels for Arctic LNG 2 from the Zvezda shipyard located in Russia's Far East near Vladivostok.

The shipyard entered into a partnership with Samsung Heavy Industries for the transfer of technology as Zvezda has little experience constructing ice-capable carriers. However, despite Samsung's assistance, concerns remain about Zvezda's ability to deliver the vessels on time.

Novatek has now requested exemption from having to contract with a domestic shipyard and asked permission for 10 out of 15 vessels to be built by Chinese or South Korean shipyards.

Source : HKSG.

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