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Global LNG Imports Up in Q1 by 11%
Despite the liquefied natural gas (LNG) demand in the first quarter of 2019 being negatively impacted by warmer than usual weather in the Northern Hemisphere winter…
Novatek Sells Stake in Arctic LNG
![Photo: Novatek](https://images.marinelink.com/images/maritime/w200h200c/photo-novatek-99570.png)
Russia's Novatek said on Friday it had sold a 20 percent stake in its new liquefied natural gas project, Arctic LNG 2, to two Chinese companies on the same terms as a similar deal with France's Total.Novatek announced the sale on Thursday but did not provide financial details.Earlier this year, Total, a shareholder in Novatek itself and its Yamal LNG project, bought a 10 percent stake in Arctic LNG 2 project.
Novatek Sell 20% Stake in Arctic LNG 2 to China
Russian gas producer Novatek said on that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project…
Total to Invest in Novateks LNG Projects
The French oil giant Total intends to buy 10% shares of the transshipment points of liquefied natural gas in Murmansk and Kamchatka, which Novatek plans to build.Russian…
Novatek, Repsol Pact for Arctic LNG 2
Russia's second largest natural gas producer Novatek said that its trading subsidiary Novatek Gas&Power Asia and Spanish energy company Repsol have agreed to a…
Vitol, Novatek Sign LNG Deal for Arctic 2 Plant
Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British…
Rosatomflot Delivers First Shipment for Arctic LNG 2
Russia’s largest independent natural gas producer and LNG operator, Novatek received the first shipment of cargo for its Arctic LNG 2 project at the Utrenneye field.The…
Nuclear Container Ship Sets Sail to Arctic LNG2
The nuclear-powered, 260 meter long, 33980 tons deadweight 'Sevmorput' this week sailed from Murmansk to Arkhangelsk where it is to pick up more than 17,000 tons…
GasLog: LNG Demand Grew 9% in 2018
Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner…
Arctic LNG 2, Siemens Sign Deal
Russian gas producer Novatek said that it had signed a deal with German tech giant Siemens to buy compressors for its new Arctic LNG 2 natural gas liquefaction plant.Novatek's…
Arctic LNG 2 Signs Agreement on GBS Construction
Russian natural gas producer Novatek's next LNG project, Arctic LNG 2, has signed an agreement on the design and construction of gravity-based structures (GBS).The Russian company SAREN…
Arctic LNG 2 to Buy Nuovo Pignone Turbines
Russia's largest independent natural gas producer PAO Novatek announced that its next LNG project, Arctic LNG 2 and Nuovo Pignone (Italy) signed an agreement on…
Russian Novatek, Italian SACE in LNG Pact
Russian gas giant Novatek and SACE SIMEST, the Italian export credit company part of CDP Group, have finalized an agreement on strategic cooperation in the liquefied natural gas (LNG) projects…
Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2
Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's…
Christophe de Margerie Loads First Cargo from Third Train Yamal LNG
The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced at the third train of Yamal LNG plant…
LNG Shipping Market in Recovery Stage: Flex LNG
Norwegian-born billionaire John Fredriksen-owned LNG shipper Flex LNG believes that the LNG market is in the early stages of a multi-year recovery.According to a report by Flex LNG…
Inside the LNG Shipbuilding Boom
![BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea. (Photo: BP Shipping)](https://images.marinelink.com/images/maritime/w200h200c/bp-shipping-took-delivery-of-93772.jpg)
South Korean shipyards have seemingly boxed out rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years…
LNG Carrier Pskov Completes First Open Water STS Transfer
![Photo: SCF Group](https://images.marinelink.com/images/maritime/w200h200c/photo-scf-group-93713.jpg)
On 24 November 2018, the LNG carrier Pskov successfully completed the first LNG ship-to-ship transfer operation for the Yamal LNG Project. Pskov loaded some 170,000 cu. m. of liquefied gas, which was delivered from the Port of Sabetta (Yamal Peninsula) to the transshipment point by one of the Arctic LNG carriers chartered by Yamal LNG.The cargo transshipment was carried out at the safe anchorage off the port of Honningsvåg, Norway.
Novatek Kicks-off Yamal LNG's Train 3
Russia's Novatek has begun production of the commissioning LNG from its third 5.5 million mt/year train at the Yamal LNG project, bringing the plant's total capacity…
Shell's LNG Canada Seen as Tip of Megaproject Iceberg
![Photo courtesy of Shell](https://images.marinelink.com/images/maritime/w200h200c/photo-courtesy-of-shell-91231.png)
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG from Western Canada by 2025 after approving a $14 billion project, hot on the heels of Qatar's commitment last week to expand its facilities.The two announcements…