Novatek in first Kildin Island LNG STS

Novatek said it has completed Russia’s first ship-to-ship LNG transshipment in the Kildin Strait of the Barents Sea.

Teekay’s Arc7 ice-class tanker Nikolay Yevgenov reloaded an LNG cargo delivered from Novatek’s Yamal facility at Sabetta to the conventional tanker Yamal Spirit.

The ship-to-ship transfer took place at a temporary offshore transshipment complex in the Murmansk region within the seaport of Murmansk.

The complex will ensure year-round LNG transshipment from the ice-class tankers carrying LNG produced in the Russian Arctic to conventional tankers.

To remind, this move follows a test call at the site completed in August this year by Sovcomfot’s LNG carrier Christophe de Margerie.

Additionally, Novatek says the transshipment complex represents “another significant milestone” in developing the firm’s LNG supply chain from its facilities located in the Russian Arctic.

Besides Yamal LNG, this also includes Novatek’s second Arctic LNG project under construction and the company’s other developments in the Russian Arctic.

Novatek previously mainly conducted LNG STS operations at the Norwegian Arctic port of Honningsvag. It remains unclear whether the Russian firm has completely stopped using this location for these operations.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.

More News Like This

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.

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...