Shortly after its official delivery last month, Teekay's new icebreaking LNG carrier Eduard Toll made its way to complete both its first loading at the Sabetta Terminal in the Russian Arctic and its first discharge in Montoir, France after sailing across the Northern Sea Route unescorted. The voyage marked the latest major milestone for shipping in the Arctic … [Read more...]
Second Ship Carrying Russian Gas May Be Headed for U.S.
By Naureen S. Malik and Rob Verdonck (Bloomberg) -- A second tanker carrying Russian natural gas may be on the way to the U.S., following in the footsteps of a ship now sitting near Boston Harbor with a similar cargo. The Gaselys tanker, which has been sitting for two days in the waters outside of Boston, carries liquefied natural gas originally produced in … [Read more...]
Frigid U.S. Takes Gas From U.K. Site Where Russia’s First Yamal Cargo Was Delivered
By Rob Verdonck and Elena Mazneva (Bloomberg) -- Not many people had expected the U.S. to turn to Europe for natural gas this winter. Yet the polar chill that gripped the U.S. East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of liquefied natural gas in the U.K. for Boston, some of which was likely produced by a project in Siberia … [Read more...]
Russia Wins in Arctic After U.S. Fails to Kill Giant Gas Project
By Jack Farchy and Elena Mazneva (Bloomberg) -- Building the $27 billion Yamal liquefied natural gas project meant shipping more than 5 million tons of materials to construct a forest of concrete and steel 600 kilometers north of the Arctic circle, where temperatures can drop to -50 degrees celsius and the sun disappears for two months straight. Yet those … [Read more...]
Russia Commissions $27 Billion Yamal LNG Project in Russian Arctic
By Elena Mazneva (Bloomberg) -- As Russia’s President Vladimir Putin oversees the official start of a $27 billion liquefied natural gas plant in the snow-covered tundra of northern Siberia, his mind may wander to its biggest competitor more than 3,000 miles away in Qatar. While the two regions may have vastly different climates, Putin is determined to make Russia’s Arctic … [Read more...]