LNG

Russian natural gas company Novatek, the nation’s largest liquefied natural gas developer in the Arctic region, has also been building up the customer base of its small-scale Cryogas-Vysotsk plant on the Baltic Coast while making progress on assembling a shipping fleet for the Arctic LNG II project under construction on the Gydan Peninsula of northern Siberia.

Sovcomflot Group, the Russian shipping line with 12 liquefied natural gas carriers in its fleet, narrowed its annual net losses as charter rates improved for LNG and energy trading sectors amid continuing difficult conditions during mid-2018.