FILE PHOTO: The Christophe de Margerie, an ice-class tanker fitted out to transport liquefied natural gas, is docked in Arctic port of Sabetta, Yamalo-Nenets district, Russia March 30, 2017. REUTERS/Olesya Astakhova/File Photo Yamal LNG blew past its nameplate capacity in its first full year of having all three liquefaction trains in operation. Novatek's Yamal LNG, … [Read more...]
Yamal LNG’s 15-Vessel Fleet of Icebreaking LNG Tankers Now Operational
The fifteenth and final icebreaking LNG carrier responsible for shipping gas from the remote Yamal LNG terminal in the Russian Arctic has now been delivered. The vessel, named Yakov Gakkel, was built by Daewoo Shipbuilding and Marine Engineering (DSME) and is owned and operated by a 50-50 joint venture by Teekay LNG and China LNG Shipping. It is one of six vessel owned and … [Read more...]
Teekay’s Icebreaking LNG Carriers No Longer Considered ‘Blocked’ Under U.S. Sanctions
The joint venture operating icebreaking LNG carriers for Yamal LNG have been exempted from U.S. sanctions against COSCO tanker units, Russian natural gas producer Novatek said Tuesday. Novatek, which operates Yamal LNG plant in northern Russia, announced it has received notification from TC LNG Shipping, the joint venture owning the Arc7 ice-class tankers, that the JV is no … [Read more...]
More Yamal LNG Cargoes Headed East via Northern Sea Route
Russian natural gas produce Novatek said it shipped fifteen cargoes from its Yamal LNG plant to Asia via the Northern Sea Route in the third quarter of 2019, putting it on track to increase eastbound shipments by fourfold compared to last year. According to Novatek, the eastbound shipments represent approximately 25 percent of all cargoes shipped from Yamal LNG during … [Read more...]
U.S. Sanctions on COSCO Hit Teekay’s Yamal LNG Fleet
By Sabina Zawadzki LONDON, Sept 30 (Reuters) - U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia had been "blocked" because of its ties to COSCO. The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO … [Read more...]