Malte Humpert write on High North News 8.9.2020:
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.
Russian natural gas giant Novatek and its shipping partner Sovcomflot finalized orders for ten Arc7 ice-class LNG carriers. These specialized ice-capable vessels are an essential component of Novatek’s Arctic liquefied natural gas (LNG) projects and transport LNG from the Arctic to markets in Europe and Asia.
The first 15 vessels of the type were constructed by South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) between 2016-2019 and transport natural gas from the Yamal LNG project. This latest batch of ships will be constructed by Russia’s Zvezda shipyard with delivery in 2023 and 2024 and will transport LNG for the new Arctic LNG 2 project.
Novatek entered into a long-term charter agreement with Russian shipping company Sovcomflot allowing for the financing and construction of the vessels to move forward. A pilot Arc7 carrier had already been contracted for during October 2019 and four additional ships were ordered in January 2020. The first five vessels are expected to transport LNG from the Ob LNG project and help transport excess production from Yamal LNG, while the latest order of ten ships will service the Arctic LNG 2 project.
See full article from High North News.