Arctic

SHI cooperates with Zvezda on Arctic LNG 2 project

Samsung Heavy Industries (SHI) signed a contract with the Russian Zvezda shipyard for the construction of ice-class LNG carriers for the Arctic LNG 2 project and to provide technological support in this project. SHI announced that it will establish a joint venture with Zvezda for the construction of shuttle tankers, which demonstrates its willingness to enter into the Russian market.

Arctic LNG 2 tankers to cost more than $4.5 bn

The 15 LNG tankers that will transport LNG from Arctic LNG 2 project will come at a cost of more than 300 bn rubles ($4.5 bn). That was the discussion topic during a session of the Russian state-owned VEB.RF Bank Supervisory Board.

First crude oil tanker to cross Northern Sea Route using only LNG

On 26 August, the LNG-fueled Aframax crude oil tanker ‘Korolev Prospect’, owned by Russian Sovcomflot, began a transit of the Northern Sea Route. The ship will become the first such large-capacity crude oil tanker to travel the entire length of the Northern Sea Route using only LNG fuel. 

Clean Arctic Alliance urges Nordic Prime Ministers to support HFO ban

Clean Arctic Alliance’s Lead Advisor, Dr Sian Prior and Árni Finnsson from the Iceland Nature Conservation Association are urging the Nordic Prime Ministers and the German Federal Chancellor to support the call for a ban on heavy fuel oil in the Arctic at their gathering in Reykjavik, Iceland.

Vladimir Rusanov ships LNG to China via Northern Sea Route

Russian natural gas producer Novatek announced that the Arc7 ice-class LNG tanker ‘Vladimir Rusanov’ completed the Northern Sea Route (NSR) passage via the Eastern direction, delivering a LNG cargo from the Yamal LNG project, at the port of Sabetta, to China’s port of Tianjin.

Novatek closes Arctic LNG 2 transaction

Russian natural gas producer Novatek announced the closing of the sale of participation interests in Arctic LNG 2 Project to subsidiary of China National Petroleum Corporation, subsidiary of CNOOC, and the consortium of Mitsui & Co and Japan Oil, Gas and Metals National Corporation (Japan Arctic LNG).

Two Chinese companies sign to enter Arctic LNG 2

China National Oil and Gas Exploration and Development Company Ltd (CNODC) and China National Offshore Oil Corporation (CNOOC) have signed a binding agreement with Russian natural gas producer Novatek, to enter the Arctic LNG 2 project.

MEPC 73 marks progress towards Arctic HFO ban

MEPC 73, which concluded on Friday, considered impact assessment methodology ahead of sending the ‘Scope of Work’- which sets out the work to be done to reduce the risks associated with the use and carriage of HFO by ships in Arctic, including the proposal for a ban, to PPR6 in February.

Novatek announces major gas find in Gulf of Ob

Russian natural gas producer Novatek, through its wholly owned subsidiary Arctic LNG 3, announced discovery of a new natural gas and gas condensate field at the North-Obskiy license area, located in the shallow waters of the Ob Bay, in the Arctic Ocean.

Report: Switching to clean fuel in Arctic costs a glass of wine

It would cost passengers just the price of a glass of wine a day if cruise ships would stop burning HFO in the fragile Arctic, according to a new report from T&E. The report resulted from analysis of the impact on the cruise ship ‘MS Rotterdam’ had it switched to MGO, during three summer trips to the Arctic.

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