Two Asian Shipyards Continue to Build LNG Tankers for New Russian Arctic Gas Project Novatek and its partners continue to push ahead with Arctic gas projects even in the face of economic sanctions. Images analyzed by HNN indicate at least 8 new gas carriers at various stages of completion. The first ones could be delivered later this year.
Massive LNG Storage Ship To Travel Up Norwegian Coast to Russian Arctic Novatek’s first floating storage unit will arrive in the Barents Sea within a month of setting off a busy choreography of LNG tankers traveling up and down along Norway’s coastline. The unit has capacity to transship 20m tons of LNG per year.
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.
South Korean DSME Cancels Contract for Novatek Arctic LNG Carriers A South Korean shipyard has canceled orders for three Arc7 LNG carriers after Novatek’s shipping partner Sovcomflot fails to make payments as a result of EU sanctions.
Cargo Volume on Northern Sea Route Remains Stable at 32m tons in 2020 After years of significant growth the amount of cargo transported on Russia’s NSR is forecasted to reach 32 million tons, similar to last year’s 31.5m tons. Lack of sea ice now allows non ice-class vessels to travel the route and Norwegian company Scana was contracted for Novatek’s LNG project.
Novatek Orders 10 Arc7 Carriers for Arctic LNG 2 from Zvezda Shipyard Novatek takes a big step forward in its Arctic LNG 2 project ordering ten new icebreaking gas carriers from the Russian Zvezda shipyard. The company is expected to order a further twelve ships from DSME in South Korea before the end of September.
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.
China Looks to Further Its Arctic Role by Constructing Arc7 LNG Carriers China’s Hudong Zhonghua shipyard aims to construct ice-capable LNG carriers for Novatek’s Arctic LNG 2 project. This would be the country’s first foray into constructing these highly specialized vessels placing it in competition with Russia’s Zvezda shipyard and South Korea's DSME.
