LNG

French energy major Total has signed agreements with Russian natural gas company Novatek, operator of the Yamal LNG export plant, for the acquisition of a direct 10 percent stake in the Arctic LNG II joint venture proposed by Novatek for Russia’s Gydan Peninsula.

Russian shipping line Sovcomflot has placed an order at Zvezda Shipbuilding for construction of three new generation product carriers powered by liquefied natural gas as their primary fuel.