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Novatek transits first LNG cargo to Japan through Northern Sea Route


The Russian oil and gas major, Novatek recently shipped the first LNG cargo to Japan from its Yamal LNG initiative, via the Northern Sea Route.

Specifically, behind the LNG cargo delivery was the 299 meters long ice-breaking LNG tanker “Vladimir Rusanov”.

What is more, the delivery was made under a spot contract, while the cargo was unloaded at the Ohgishima LNG Terminal in Japan.

In light of the above, Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board, said: “We focus a significant amount of attention to develop and enhance the logistical scheme for our LNG projects. The future launch of a transshipment terminal in Kamchatka will significantly expand our opportunities to cost competitively deliver and supply LNG to the entire Asia-Pacific region.”

For the records, Novatek is considered to be the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project.

Overall, Novatek recently informed that the Arc7 ice-class LNG tanker, “Christophe de Margerie” successfully transited the Eastbound ice-covered part of the Northern Sea Route.

Source: Safety4Sea

SeaNews: COVID-19 Recovery. Volatility and uncertainty as the New Normal

August 17, 2020

11.6% of the container shipping fleet is now idle and reached a record of 2.72 million TEU by the end of May according to Alphaliner. Amongst the carriers, HMM has the largest idle fleet at 32.9% of the carriers overall capacity. With container shipping demand hammered, stores closed and people losing their jobs it became incredibly difficult to sell their product for every part of the supply chain.

Source: SeaNews