China-Led Joint Venture in talks to Build $1.6 Billion Arctic LNG Carriers

  SHANGHAI, Sept 22 (Reuters) - China Merchants Energy Shipping, Sinotrans Shipping and Greek shipping firm Dynagas are in talks to form a joint venture to build five vessels to ship liquefied natural gas (LNG) from the Arctic, the firms said. China Merchants said in a stock exchange statement on Tuesday that its board had approved a proposal allowing subsidiary … [Read more...]

Russia’s Novatek Targeting $5 Billion in Financing for Yamal LNG Project

By Vladimir Soldatkin SABETTA, Russia, April 13 (Reuters) - Russian gas producer Novatek hopes to secure $5 billion from global export credit agencies for its Arctic liquefied natural gas (LNG) project Yamal LNG by mid-year, chief executive Leonid Mikhelson said. Speaking in a northern port where the facilities for Yamal LNG are being built, Mikhelson and the head of … [Read more...]

Russia’s Yamal LNG Sees Global Natural Gas Deficit by 2018

MOSCOW, Feb 10 (Reuters) - Russia's Yamal LNG project expects the global liquefied natural gas market to move into a deficit by 2018, which will help the country boost its share of the sector. Yamal LNG, which also has France's Total and China's CNPC as shareholders, said in a prospectus for forthcoming bond issue it was banking on growing demand for LNG, natural gas that … [Read more...]

Biggest Arctic Gas Project Seeks Route Around U.S. Sanctions

By Tara Patel (Bloomberg) -- Total SA and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic’s biggest liquefied natural-gas development. They’re still looking for a way around a freeze in U.S. financing. With 22 wells drilled, and a runway and harbor built for the $27 billion project in Russia’s Yamal … [Read more...]