Who will ship Yamal LNG?

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(Courtesy Sovcomflot)
(Courtesy Sovcomflot)
As Sovcomflot lays down the keel of its new Arctic super-tanker designed for the Yamal LNG, the company’s role in the project is increasingly unclear.

The shipping company, Russia’s biggest, on 23rd March laid down the keel of its first 172,600 cubic meter Yamalmax LNG tanker. The ship, the first of its kind, will be 300 meters long and able to break through 2,1 meter of Arctic ice. It is built by the Korean Daewoo Shipbuilding&Marine Engineering and will be ready for operations in 2016, Sovcomflot informs in a press release.

However, the role of the Russian shipping company in the Yamal LNG project appears increasingly uncertain.  In 2014, the company won a tender on shipments of Yamal LNG, but has since failed to follow up with the ordering of new tankers. According to the orginal plan, a total of five tankers were to be ordered before the end of 2014, Vedomosti reports with reference to Tradewindsnews.com. Reportedly, the Yamal LNG is therefore looking for other partners, among which could be Greek company Dynagas and the JapaneseNYK, the newspaper writes.

The unique ships will operate for the Yamal LNG company, the operator of the LNGproject in the Yamal Peninsula. Another 15 similar vessels are planned built for the project, which will have an annual production of 16,5 million tons of liquified gas.

With the vessels, project operator Novatek will be able to ship LNG from its Yamal projectalso eastwards along the Northern Sea Route to Asian markets.

Yamal LNG and its majority owner Novatek has concluded gas delivery contracts with  Delivery contracts have been signed with Total (4 mill ton/year), Gas Natural (2,5 mill ton/year), CNPC (3 mill ton/year), Gazprom (3 mill ton/year) and Novatek Gas& Power (2,86 mill ton/year).

Related stories from around the North:

Canada: #SavetheArctic… from Greenpeace, Blog by Heather Exner-Pirot

Germany:  Acid Arctic Ocean and Russell Brand?, Deutsche Welle’s Iceblogger

Norway: Oil, Industry and Arctic Sustainability, Deutsche Welle’s Ice-Blogger

Russia: Kremlin supports Lukoil’s Arctic ambitions, Barents Observer

United States: Lego cuts ties with Shell after Greenpeace campaign, Eye on the Arctic

 

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Atle Staalesen, The Independent Barents Observer

Atle Staalesen, The Independent Barents Observer

For more news from the Barents region visit The Independent Barents Observer.

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