As Reuters reports, VEB, the Russian State Development Bank, provided to Rosneft-led Zvezda shipyard first tranche worth $66 million for the construction of the first Arc7 gas tanker for Novatek’s Arctic LNG 2 project.
Accordingly, the State Development Bank announced that its Board approved the financing of the gas tankers for the Arctic LNG 2 project; The latter is planned to begin its liquefied natural gas (LNG) production in the first part of the next decade in what will be Novatek’s second big LNG plant.
In addition, to begin the pilot project, Yamal LNG, Novatek ordered Arc7 ice-class LNG tankers from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).
