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EU to Place Sanctions on 19 Energy-Related Ships Including LNG Vessels
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The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday.EU countries adopted the 14th package of sanctions against Russia earlier on Monday. These included a ban on trans-shipments of Russian LNG off EU ports that will take effect after 9-month transition period.
US Issues Hundreds of Sanctions Targeting Russia, Takes Aim at Chinese Companies
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The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.The U.S.
Russia's Arctic LNG 2 Last Line is on Hold
![Source: TotalEnergies](https://images.marinelink.com/images/maritime/w200h200c/source-totalenergies-147560.png)
The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies' said.The liquefied natural gas (LNG) project in the Russian Arctic has faced challenges from U.S. sanctions imposed on the project last November over the conflict in Ukraine, and subsequent force majeures by shareholders.At the end of 2023 Arctic LNG 2 started tentative production at its first train…
SHI Stops Making Blocks for Russian Shipyard's LNG Carriers
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Samsung Heavy Industries (SHI) said on Tuesday it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval.Samsung is nearing the end of making the blocks and equipment for the five ships, a Samsung spokesperson said on Tuesday.For the remaining 10 ships, Samsung has stopped m
Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project
![© Arctic LNG 2 Illustration - Credit: Saipem](https://images.marinelink.com/images/maritime/w200h200c/arctic-lng-2-illustration-credit-146478.jpg)
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday.The project, seen as a key element in Russia's drive to boost its LNG global market share to 20% by 2030 from 8%, was already facing difficulties due to U.S.
Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice
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Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNG…
US Working with Allies Over Sanctions on Russian Arctic LNG Project
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The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine.
Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies
![Arctic LNG 2 Illustration - Credit: Saipem (File image)](https://images.marinelink.com/images/maritime/w200h200c/arctic-lng-2-illustration-credit-145369.jpg)
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts and…
Japan Responds to Fresh Sanctions on Arctic LNG 2
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Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project is operated by Russia's Novatek while Japanese trading company Mitsui & Co and state-owned Japan Organization for Metals and Energy Security (JOGMEC) hold a combined…
Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown
![Melkøya plant - Image: Ole Jørgen Bratland/Equinor](https://images.marinelink.com/images/maritime/w200h200c/melkya-plant-image-ole-jrgen-141463.jpg)
Norway's Equinor plans to restart production at its Arctic liquefied natural gas (LNG) plant in Hammerfest on June 8 after it was shut down on May 31 due to a gas leak, the company said in a market message on Thursday. The facility will be unavailable until 2100 GMT on June 8, according to a message posted via the transparency page of Norwegian gas infrastructure operator Gassco. Equinor halted production after it detected a gas leak on a cooling circuit valve.
Biden Admin Greenlights LNG Exports from Alaska LNG Project
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The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia.The Department of Energy approved Alaska Gasline Development Corp's (AGDC) project to export LNG to countries with which the United States does not have a free trade agreement.Backers of the…
MOL Nets Charter in Russia for New Ice-breaking Condensate Carrier
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Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a charter contract for a newbuilding ice-breaking tanker that will transport condensate from the Arctic LNG 2 Project on Russia’s Gydan Peninsula.The contract was signed by a MOL subsidiary with the project company, whose largest shareholder is Russia-based PAO NOVATEK. The vessel, slated for delivery in 2024, will be constructed in China by Guangzhou Shipyard International Company…
Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project
![File image: Novatek](https://images.marinelink.com/images/maritime/w200h200c/file-image-novatek-126833.jpg)
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project."We are studying the dossier ... though no decision has as yet been taken," Antonio Fallico, chairman of group unit Banca Intesa Russia, told Reuters on Wednesday.Fallico said the bank had been invited to look at the financing deal by SACE…
Russia to Build LNG-powered Icebreakers for Arctic Sea Route
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Russia plans to build its first batch of icebreakers that are powered by liquified natural gas, a top official said on Friday, returning to an idea that was put on hold.Russia has the world's only fleet of nuclear-powered icebreakers. It is building up that fleet, hoping to develop the Northern Sea Route across its northern flank into an international shipping lane as climate change melts the ice."We are now returning to this topic (building LNG-powered icebreakers).
Keel Laid for First Russian-built Arc7 LNG Carrier
![Pictured are, left, Vladimir Bastin, Deputy Director, SCF Engineering Centre, and right, Roman Tseyger, Deputy CEO – Chief Production Officer, Zvezda. (Photo: Zvezda)](https://images.marinelink.com/images/maritime/w200h200c/pictured-are-left-vladimir-bastin-123684.jpg)
Russian shipbuilder Zvezda Shipbuilding Complex on Tuesday held a keel laying ceremony for a new Arctic liquefied natural gas (LNG) carrier ordered by compatriot shipowner PAO Sovcomflot (SCF Group).The newbuild is the lead vessel in a series of 15 carriers ordered from Zvezda for servicing the Arctic LNG 2 project. She is the first-ever vessel of such dimensions, cargo capacity and icebreaking capabilities to be constructed at a Russian shipyard.The series' lead ship will be owned by SCF…
TotalEnergies Buys Stake in Novatek's Arctic Transshipment
![(Photo: TotalEnergies)](https://images.marinelink.com/images/maritime/w200h200c/photo-totalenergies-123321.jpg)
TotalEnergies has signed a sale and purchase agreement with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia.These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction…
Novatek, Glencore Ink Arctic LNG 2 Gas Supply Deal
![File image: Novatek](https://images.marinelink.com/images/maritime/w200h200c/file-image-novatek-123283.jpg)
Russian gas company Novatek has signed heads of agreement with Glencore for the long-term supply of LNG from the Arctic LNG 2 project.The agreement, signed Wednesday at Saint-Petersburg International Economic Forum, established the key commercial terms for the long-term supply of more than of 0.5 million tons of LNG per year from the Arctic LNG 2 project. The LNG will be delivered to a number of locations in East Asia…
Wärtsilä to Supply Navigation Systems for 10 Arctic LNG Carriers
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-122046.jpg)
Wärtsilä Voyage has signed a contract to deliver radio and integrated navigation systems for 10 icebreaking liquefied natural gas (LNG) carriers to be constructed for the Arctic LNG-2 project.The order was placed in January 2021 and is now in process of execution, in partnership with South Korean shipbuilder Samsung Heavy Industries Co. Ltd shipyard. The new contract is an extension of the announcement made last summer…
Wärtsilä to Supply 36 Engines for New Arctic Gas Carriers
![Six new 172,500 cbm LNG carrier vessels will be fitted with Wärtsilä 46DF dual-fuel engines, plus gas valve units and auxiliaries. (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/six-new-172500-cbm-lng-119873.jpg)
Finnish technology group Wärtsilä announced Thursday it has secured a deal to supply dual-fuel engines for six new 172,500-cubic-meter capacity liquefied natural gas (LNG) carriers being built by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to serve the Arctic LNG 2 project in Russia’s Arctic waters.The icebreaking gas carriers were ordered by Russia's Sovcomflot and Japan's Mitsui O.S.K.
Samsung Heavy Nets Its 'Largest Ever Single Order'
![Illustration - A Shipyard in South Korea - Credit:Angelika Bentin/AdobeStock](https://images.marinelink.com/images/maritime/w200h200c/illustration-a-shipyard-in-south-118299.png)
South Korean shipbuilder Samsung Heavy Industries has won what has been described as the company's largest-ever single order.The shipbuilder said Monday it had secured an order worth around KRW 2,8 trillion, which is approximately $USD 2,5 billion.The contract is for the supply of "blocks and equipment" and is with an unnamed European shipowner.In a brief statement on the Korea Exchange, Samsung said that the contract start date was November 20, 2020, and the end date December 31, 2025.