Sovcomflot charters LNG-powered Aframax duo to Sakhalin Energy

Russia’s largest shipping firm Sovcomflot will charter two LNG-powered Aframax tankers to compatriot Sakhalin Energy, the operator of the Sakhalin-2 LNG plant, as part of a deal revealed on Friday.

The duo signed charter contracts for two existing LNG-fueled tankers of Sovcomflot’s ‘Green Funnel’ series, Korolev Prospect and Vernadsky Prospect.

Sovcomflot said in a statement it would deliver the vessels to the charterer in 2024.

The LNG-powered ships will ship crude oil for the Gazprom-led Sakhalin-2 project for ten years, with an extension option for up to three years.

Prior to delivery, both tankers will get an upgrade, including the installation of a bow loading system and a modification to their LNG bunkering systems to allow direct fueling from the project’s Prigorodnoye LNG export terminal.

Following the delivery of these two vessels to Sakhalin Energy, the shuttle tankers currently employed at the Sakhalin-2 project would continue to provide shipping services to other Sovcomflot customers, the firm said.

Decarbonisation

“We deeply appreciate the lasting partnership between Sovcomflot and Sakhalin Energy, which saw our vessels safely deliver 67.5 million tonnes of oil and 55 million cubic metres of LNG to Sakhalin Energy’s customers in the Asia-Pacific,” Igor Tonkovidov, president and CEO of Sovcomflot, said.

He said the new charter agreements would allow the two firms to take their cooperation to the “next level.”

“Sovcomflot continuously works to expand and upgrade its fleet serving the Sakhalin-2 project, making it ever more efficient and safe. We are particularly pleased that Sakhalin Energy is eager to employ our ‘Green Funnel’ tankers, which will help reduce the carbon footprint of cargo shipping in the Far East,” Tonkovidov said.

“The transition to LNG as the marine fuel for vessels employed at the Sakhalin-2 project reflects the global trend towards decarbonisation and is an integral part of our ‘Green LNG’ corporate strategy,” Roman Dashkov, CEO of Sakhalin Energy, said.

This strategy would allow the company to further contribute to reducing its carbon footprint, he said.

To remind, the Sakhalin-2 LNG facility produced and shipped record 11.6 million tonnes of LNG last year. This is equivalent to 178.6 standard cargoes.

It started producing LNG back in 2009 with an design capacity of 9.6 mtpa, but due to technical improvements and upgrades, together with weather and temperature conditions, production rose by 20 percent.

Most Popular

China’s ENN inks LNG cooperation pact with Trafigura

Chinese independent gas distributor ENN has signed a memorandum of understanding with commodity trader Trafigura to explore cooperation in liquefied natural gas (LNG).

Australia’s Santos strengthens LNG portfolio with new deals

Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.

DET: FSRU returns to Stade

The 2021-built 174,000-cbm FSRU Energos Force has returned to Germany’s Stade as state-owned LNG terminal operator DET prepares to launch its fourth FSRU-based LNG import facility in Germany.

More News Like This

Zvezda nears delivery of third Russian-built ice-class LNG carrier

Russian Zvezda yard is nearing the delivery of the second Russian-built ice-class liquefied natural gas (LNG) carrier.

Zvezda delivers second Russian-built ice-class LNG carrier to Sovcomflot

Russian Zvezda yard has delivered the second Russian-built ice-class liquefied natural gas (LNG) carrier to compatriot shipping firm Sovcomflot.

Sovcomflot: first Russian-built ice-class LNG carrier wraps up maiden voyage

The first Russian-built ice-class LNG carrier Aleksey Kosygin, which serves the Novatek-operated Arctic LNG 2 project, has completed its maiden voyage, according to Sovcomflot.

Zvezda delivers first Russian-built ice-class LNG carrier to Sovcomflot

Russian Zvezda yard has delivered what it says is the first Russian-built ice-class liquefied natural gas (LNG) carrier. The 172,600-cbm Aleksey Kosygin is the first ice-class Arc7 carrier in a series of vessels that will serve the Novatek-operated Arctic LNG 2 project.