Russia Delivers First Domestically Assembled Arc7 LNG Carrier After Years of Sanctions Delays Russia has completed its first domestically assembled Arc7 LNG carrier after years of sanctions-driven delays, offering a rare boost to Novatek’s Arctic LNG 2 project but underscoring the deep challenges still facing Russia’s shipbuilding ambitions. The vessel will double the project’s winter export capacity.
French Shipyard Halts Service for Russian LNG Fleet, Leaving Danish Yard as Sole Western Provider A French shipyard’s decision to stop servicing Russian liquefied natural gas vessels isolates the country’s Arctic fleet, shifts maintenance burden to Danish yard. The move further tightens logistical constraints on Moscow’s exports ahead of broader planned EU sanctions to fully phase out Russian gas imports.
Russia’s Arctic ‘Yamal LNG’ Gas Plant Saw a Record 287 Cargo Loadings in 2024 While Western sanctions have impeded or complicated much of Russia’s energy economy, the Yamal LNG plant continues to export liquefied gas like clockwork. Every month around 25 vessels load cargo at the Sabetta terminal, for a total of 287 deliveries in 2024, new data by Center for High North Logistics show.
Novatek With New 2023 Launches Despite sanctions Russian producer of natural gas, Novatek, continues to overcome the impact of sanctions and will deploy two massive floating LNG hubs near Murmansk and Kamchatka in 2023. The transshipment hubs represent the final piece in its logistics chain to export LNG from the Arctic to Europe and Asia. The company will also receive at least four new Arc7 LNG carriers in 2023.
Novatek Orders World’s Largest Floating LNG Storage Unit for Arctic Novatek contracts South Korean DSME to build two massive LNG barges to serve as transshipment hubs near Murmansk and Kamchatka optimizing LNG export from the Arctic to Europe and Asia.
Novatek To Order Up To 42 New Arc7 LNG Carriers Totaling $12bn Novatek shared details about its four planned natural gas projects and announced its intention to place orders for up to 42 ice-capable Arc7 LNG carriers in the coming years. The company will acquire 10 new Arc7 LNG carriers from foreign shipyards, while placing the remaining orders with Russia’s Zvezda shipyard.
