Report: Russia's Yamal LNG Chooses Gas Carriers

Reuters

MOSCOW, April 23 (Reuters) – The Yamal LNG project in Russia's Arctic has chosen Russian Sovkomflot, Japan's Mitsui OSK and Canada's Teekay LNG to build gas carriers worth $5 billion, a daily newspaper reported on Wednesday.

Vedomosti, citing a source close to Yamal LNG shareholders, said that the companies would build 16 LNG carriers and ship the supercooled gas.

A spokesman for Russia's Novatek, which holds 60 percent in the $27 billion project, declined to comment. France's Total and Chinese company CNPC have 20 percent each.

The project is slated to start producing gas in 2016 with a view to supplying 16.5 million tonnes of the tanker-shipped fuel in 2018.

Novatek plans to ship its gas to Asia mostly via the Northern Sea Route as it brings estimated transportation costs down by two-thirds compared to the route via Europe.

(Reporting by Vladimir Soldatkin; editing by Lidia Kelly and Keiron Henderson)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: Total S.A.more info
 - Big Oil Back On The Acquisition Trail As Outlook Brightens (Jan 19)
 - Oil, Gas Firms Make Global 100 Most Sustainable Corporations List (Jan 19)
 - Norway Awards 56 Oil And Gas Licences In Mature Areas (Jan 17)
 Company: Mitsuimore info
 - Gas Glut Upends Global Trade Flows As Buyers Find New Leverage (Aug 16)
 - OneSubsea Bags $300M Contract for Greater Enfield Project Off Australia (Jul 15)
 - Woodside-Mitsui JV Approves $1.9B Greater Enfield Project Off WA (Jun 27)
 Company: Teekay Shippingmore info
 - Petrobras Inks LOI with Odebrecht-Teekay to Charter FPSO for Libra Project (Oct 10)
 - Report: Russia's Yamal LNG Chooses Gas Carriers (Apr 23)
 - Fish-Inspired Vessel Joins Brazil Offshore Oil Boom (Aug 8)
 Company: CNPCmore info
 - China's CNPC Forecasts Record Oil Demand, Warns On Product Glut (Jan 12)
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 - China's CNPC To Relocate HQ Staff, Not Layoff (Dec 16)
 Company: Sovcomflotmore info
 - Arctech Starts Construction Sakhalin Icebreaking Vessel (Nov 26)
 - Report: Russia's Yamal LNG Chooses Gas Carriers (Apr 23)
 - Rosneft, Partners Plan to Develop Engineering Cluster in Russian Far East (Nov 13)
 Company: Novatekmore info
 - Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa (Dec 12)
 - Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project (Nov 24)
 - Russia's Yamal LNG Gets First $1B Tranche From Russian Banks (Jun 10)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
US Product Line Manager - Ultrasonic Flow Meters
Expertise: Chemical Engineering
Location: Texas, TX
 
Site Manager
Expertise: Refinery / Plant Operations Supervisor
Location: Houston, 
 
Wireline Field Operator
Expertise: Wireline
Location: Clay City, IL
 
search for more jobs

Brent Crude Oil : $53.92/BBL 2.79%
Light Crude Oil : $51.08/BBL 2.66%
Natural Gas : $3.3/MMBtu 3.22%
Updated in last 24 hours