The first liquefied natural gas shipment of the season after the winter break has departed from the Russian Yamal LNG export plant on its way to the Far East via the Northern Sea Route.
Russian natural gas company Novatek, operator of the Yamal LNG export plant in northern Siberia, confirmed the completion of the first ship-to-ship LNG trans-shipment in the Kildin Strait of the Barents Sea, an area that came to prominence for a naval incident involving two nuclear-powered submarines in the post-Cold War era.
Teekay LNG Partners, the carrier fleet operator, posted a more than 14 percent increase in total cash flow from vessel operations of $150.1 million in the fourth quarter and $515.3M for all of fiscal 2018 as it forecast rising income from the company’s stake in the Bahrain LNG import project in the Gulf.