The Chinese government said it hoped for more energy cooperation with Russia and praised the Eastern Economic Forum in the Russian Far East city of Vladivostok as a “key platform” for discussing economic issues concerning Russia and Asia and in particular China.
The Russian Yamal LNG plant is experiencing problems with the fourth and smallest processing Train at the facility in Northern Siberia and which was added by operator Novatek after the three main Trains were completed.
The Russian government has reduced its target for energy cargo transportation to China and Asian nations by the Northern Sea Route with only shipments of LNG close to meeting projected volumes and cargoes of coal and oil falling short.
July 11 (LNGJ) - Russian natural gas company and Yamal LNG plant operator Novatek and JSC Atomenergomash, a mechanical engineering division of Russia’s nuclear body Rosatom State Corp., have signed a memorandum of understanding on forming a strategic partnership for localizing the fabrication of equipment for LNG production
The accord notes the results already achieved on the fabrication of coil-wound heat exchangers and medium-tonnage cryogenic pumps and establishes obligations for both parties to cooperate on the design, manufacture and testing of high-tonnage cryogenic pumps. Novatek and Atomenergomash said they intended to pursue long-term cooperation to localize the fabrication of pumps, heat exchangers and other equipment for Novatek’s LNG projects at the facilities of Atomenergomash, which manufactures components for all Russian-design nuclear power plants currently under construction in Russia and elsewhere.