Zvezda lays keel for Sovcomflot’s LNG-fueled MR tanker

Russian Zvezda yard is continuing with the construction of LNG-powered MR-type product carriers for compatriot Sovmcoflot.

The yard held a keel-laying ceremony for the LNG-powered vessel with a hull number 038 on Wednesday, Sovcomflot said in a statement.

Sovcomflot ordered in total three 51,000-dwt LNG-powered MR product carriers at Zvezda and they will all go on long-term charter to Russian LNG producer Novatek.

This vessel is the third in the batch and Zvezda held a keel-laying ceremony for this carrier in January. The Russian yard started building the first carrier in this trio in September last year followed by the second in November.

Following delivery in 2022 and 2023, Novatek will use them to transport gas condensate in the Baltic Sea.

Russian ship repair deal

Sovcomflot also said in the same statement it has entered into a trilateral agreement to cooperate on the development of a ship repair cluster in Russia’s Far East.

The shipping firm signed the deal with SMART LNG, its joint venture with Novatek, and Far Eastern Shipbuilding and Ship Repair Center (FESRC), a subsidiary of Rosneft.

“The agreement pertains to the expansion of cooperation between the parties on servicing and repairing vessels and vessel equipment using ship repair cluster’s facilities,” it said.

Sovcomflot said its cooperation with Russian energy companies and financial institutions had made it possible to localise new civilian shipbuilding technologies in Russia and create the country’s first serial production of modern large-capacity cargo vessels, based at Zvezda.

This will serve as the foundation for the further development of a shipbuilding and ship repair cluster in Russia’s Far East, the firm said.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

Prime Infra to buy 60 percent stake in First Gen’s Batangas LNG terminal

First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Russian LNG production drops in April

Russian liquefied natural gas (LNG) production decreased in April compared to last year, according to the Russian statistics agency Rosstat.

Russian LNG production down in Q1

Russian liquefied natural gas (LNG) production decreased in the first quarter of this year, according to the Russian statistics agency Rosstat.

Novatek’s gas sales slightly up in Q1

Russian LNG exporter Novatek reported a slight increase in its natural gas sales, including LNG, in the first quarter of this year.

Russian LNG production down in January-February

Russian liquefied natural gas (LNG) production decreased in the first two months of this year compared to the same period last year, according to the Russian statistics agency Rosstat.