Zvezda starts work on Sovcomflot’s LNG-powered product tanker

Russian Zvezda shipyard has started building the first out of three LNG-powered MR-class product tankers for compatriot shipping firm Sovcmoflot.

The yard held a keel laying ceremony for the vessel on Friday, according to a statement by state-owned Rosneft.

The 51,000-dwt ice-class vessels will serve independent LNG producer Novatek under long-term charter deals signed in December 2018.

They will transport petroleum products and gas condensate in areas with challenging ice conditions, including the Baltic Sea.

Zvezda has already twelve Sovcomflot Aframax tankers on order out of which five are under construction.

Rosneft’s unit Rosnefteflot will use these five tankers for crude oil transportation.

These are first Russian-builit Aframax tankers and they will all feature LNG propulsion.

The Zvezda shipyard is a large shipbuilding complex located in the town of Bolshoy Kamen in the Russian Far East.

It is a run by a consortium consisting of Rosneftegaz, Rosneft, and Gazprombank.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

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.

Novatek’s 2024 profit climbs to $5.19 billion

Russian LNG producer Novatek said its net profit rose to about $5.19 billion in 2024.

Novatek’s gas sales drop in 2024

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in...

US sanctions two Russian LNG terminal operators

The Department of State announced on Friday that the US is sanctioning major targets in Russia’s energy sector, imposing...