LNG

Russia is proceeding with the world’s largest LNG trans-shipment facilities at the ports of Murmansk and Kamchatka and has signed contracts with a South Korean shipyard to build two floating storage barges as part of the project.

An area off the coast of Russia to the north of the port of Murmansk in the Barents Sea is being prepared by Russian natural gas company Novatek and the authorities for Yamal LNG trans-shipments for the winter supply season when the Northern Sea Route is closed and extra shipping is also required for high volumes and long shuttle trips.

Novatek, the Russian operator of the Yamal liquefied natural gas plant at Sabetta in northern Siberia, said it was in talks to trans-ship its cargoes from Norway or the Russian port of Murmansk because it is unsure of the impact of US sanctions on the Chinese COSCO tankers it uses or US-listed shipping line Teekay LNG.

Novatek, operator of the Yamal LNG plant and lead developer of the Arctic II LNG project, has signed an agreement with Japanese shipping company Mitsui OSK Lines to cooperate on the construction of LNG trans-shipment stations on the Kamchatka Peninsula in the Russian Far East and near the Barents Sea port of Murmansk.

Novatek, the Russian natural company and owner of the Yamal LNG export plant in northern Siberia, has formally ended its re-loading activities offshore the Norwegian port of Honningsvag that saw several million tonnes of LNG transferred from Ice-class carriers to conventional vessels and shipped to European terminals and beyond.

The owners of the Yamal LNG plant in the Arctic region of Russia are ramping up its cargo deliveries to Asia and the European trans-shipment market as the three-Train facility is now fully on stream.