Novatek: the first Yamal LNG tanker is likely to be shipped to CNPC

As reported by Mark Jetway, Novatek CFO, the first Yamal LNG tanker might be shipped to CNPC in recognition of company’s contribution to the project and APR market significance. He had earlier announced that Yamal LNG phase 1 is 97% ready, with overall project status at 89%. Yamal LNG project with a capacity of 17.5 […]

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Government panel has approved the economic model for the Northern Sea Route

Government panel, chaired by Arkadiy Dvorkovich, Russian Vice Premier, has approved economic model of the Northern Sea Route. As reported, the overall cost of building the new railway Obskaya — Nadym — Pangody 460 km long is estimated at 130.5bn RUB. The project is of national standing: its execution will facilitate social and economic development […]

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Trade flow through the Northern Sea Route has grown by 20% in 2017

The commodity turnover through the Northern Sea Route has demonstrated a 20% growth at slightly reduced freight traffic in 2017, as informed by the Interim Head of Urals Customs Administration Maxim Chmora. According to him, 2017 has also recorded the increase in Sabetta airport customs formalities (Yamal). “In nine months 2017 Sabetta hosted customs operations […]

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Belkomur railroad will total 330bn RUB together with loans

Construction of Belkomur railway, which, as projected, will pass from the White Sea through Komi to Urals, is estimated at 330bn RUB, taking into account loaned assets, as reported by CEO of Belkomur Vladimir Shchelokov. “The project net cost is 251,5bn RUB as of 2016. If loaned funds are taken into consideration, then almost 330bn […]

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Gazprom neft will

carry out the seismic survey of Prirazlomnoye field in 2018 to start the second development stage Gazprom neft will execute a seismic survey of Prirazlomnoye in 2018 within the framework of the second development stage, as informed by Alexander Dyukov, company’s Chair. As he said, the second stage of Prirazlomnoye development is called Silurian and […]

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Intesa elaborates on financing of Arctic LNG 2 and Nord Stream 2

The Italian bank group Intesa considers involvement in financing the second Novatek’s project for LNG production, Arctic LNG 2, and examines the loaning options for the construction of Gazprom’s Nord Stream 2 pipeline. The bank, which financed the first Novatek’s LNG project on Yamal, now considers and discusses another project funding, Arctic LNG 2. The […]

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Yamal LNG is expected to ship first two LNG batches in November

Four batches more are scheduled for December, with up to 10 LNG tankers to be accepted by the Port of Sabetta monthly in 2018. Deputy CEO of Yamal LNG  Nikolay Dorzheyev has informed that the commissioning of first liquefaction train in Sabetta is scheduled for November as well. As reported, the LNG will be imported […]

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Novatek CEO: Russia will account for 15% of global LNG exports

Russian LNG can be competitive on any market and its share can reach 15% of global LNG export, as reported by the Chair of Novatek Leonid Mikhelson. “Russian gas will be marketable on the global arena. To my mind, it will account for at least 15% of global export market [of this product],” Mikhelson said. […]

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Obskaya-Bovanenkovo locomotives will run on LNG

Gazprom Gas Engine Fuels and Gazpromtrans have concluded a win-win cooperation agreement on 5 October 2017. The document is focused on using LNG as the engine fuel for Obskaya-Bovanenkovo rolling stock and power generation at railroad infrastructural facilities. The project stipulates for the construction of small-scale LNG facility near the Obskaya station, mobile gas fillers […]

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