Arctic Sea Route Opens For Yamal LNG Cargo

by Sabina Zawadzki (Reuters) - A liquefied natural gas (LNG) tanker carrying a cargo from the Yamal LNG plant has spent this week making its way through Arctic waters north of Russia towards Asia, marking the first voyage of the 2019 summer season across the Northern Sea Route. The Vladimir Rusanov, an Arc7-classed LNG tanker that can plough through semi-cleared waters, left … [Read more...]

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...]