AsiaVessels

Russia’s Zvezda lays keel for first Arctic LNG 2 vessel

By LNG Prime Staff
Russia’s Zvezda lays keel for first Arctic LNG 2 vessel
Image: Zvezda

Russian Zvezda shipyard has held a keel-laying ceremony for the first out of fifteen ice-class Arc7 carriers that will serve Novatek’s Arctic LNG 2 export project.

Russia’s largest shipping firm Sovcomflot has ordered this vessel directly at Zvezda while it owns the other 14 vessels together with Novatek as part of the SMART LNG joint venture.

Following delivery in 2023-2025, all of these 172,000-cbm vessels will operate under long-term time-charter contracts with Arctic LNG 2.

Russia’s Zvezda lays keel for first Arctic LNG 2 vessel
At the keel-laying ceremony held on June 15 (Image: Sovcomflot)

The construction of these LNG carriers will ensure year-round transport of LNG along the Northern Sea Route to the Asia-Pacific region.

The Arctic 2 project located on the Gydan peninsula includes the construction of three LNG trains with a capacity of 6.6 mtpa, each, using gravity-based structure platforms.

Novatek expects to launch the first LNG train in 2023, with trains 2 and 3 to follow in 2024 and 2025, respectively.

Besides operator Novatek, the project partners include TotalEnergies, CNPC, CNOOC, and the consortium of Mitsui and JOGMEC.

Most Popular

Vessels

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.
Sponsored Content

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.
LNG Terminals

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

LNG Terminals

Russian LNG production down 4.2 percent in January-July

Russian liquefied natural gas (LNG) production dropped 4.2 percent in January-July this year compared to the same period in 2024, according to the Russian statistics agency Rosstat.
Corporate

Novatek reports lower H1 profit

Russian LNG producer Novatek reported a 34 percent drop in its net profit in the first half of this year.
LNG Terminals

Russian LNG production continues to decline

Russian liquefied natural gas (LNG) production continued to decrease in June compared to last year, according to the Russian statistics agency Rosstat.
Vessels

EU lifts sanctions against LNG carrier trio

The European Union has lifted sanctions against three ice-class liquefied natural gas (LNG) tankers operated by Japan's shipping giant MOL and intended to serve Novatek's Arctic LNG projects in Russia.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA