Gazprom Neft, Sovcomflot ink LNG fuel pact

Russia’s Gazprom Neft, a unit of gas giant Gazprom, and compatriot shipping firm Sovcomflot have signed a deal to work on several fuels, including LNG, as they seek to slash emissions in the Russian Arctic.

Under the cooperation deal, the two firms would expand their use of digital technologies in Arctic maritime logistics management but also boost the use of fuels with a low carbon footprint, according to a Gazprom Neft statement.

Sovcomflot’s vessels transporting Arctic oil from the Prirazlomnoye and Novoportovskoye fields already use Gazprom Neft’s “Kapitan” Arctic digital logistics control system.

This digital navigation platform has helped in slashing transportation costs by up to 12 percent, Gazprom Neft said.

Currently, Sovcomflot’s vessels transport more than eight million tonnes of Gazprom Neft’s Arctic blends every year, Alexander Dyukov, Gazprom Neft’s chairman of the management board said in the statement.

Besides developing digital technologies, the duo will work on LNG and other fuels such as hydrogen, ammonia and methanol.

The duo will test “environmentally friendly” fuels on Sovcomflot’s existing tankers as part of their partnership, the statement said.

Sovcomflot already operates a fleet of LNG-powered Aframax tankers and has LNG-powered vessels on order.

In addition, Gazprom Neft also expects Russia’s first LNG-bunkering vessel, Dmitry Mendeleev, to start refueling ships later this year.

Dyukov added that plans to use LNG and other “environmentally friendly fuels in refueling vessels are going to ensure even greater environmental friendliness in Arctic shipping.”

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Zvezda: naming ceremony held for Arctic LNG 2 carrier

Russian Zvezda yard has hosted a naming ceremony for the first of fifteen ice-class Arc7 carriers which will serve...

Zvezda launches Arctic LNG 2 carrier

Russian Zvezda yard has launched a new ice-class Arc7 carrier which will serve the Novatek-operated Arctic LNG 2 project. The...

Zvezda delivers LNG-powered tanker to Sovcomflot

Russian shipbuilder Zvezda has delivered one LNG-powered Aframax tanker to owner Sovcomflot and charterer Rosneft. Zvezda handed over the 112,650-dwt...

DSME cancels third LNG carrier order linked to Sovcomflot

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering has terminated an order for another LNG carrier after a...