Russia prepares to impose new restrictions on foreign vessels carrying oil, gas and coal in the Northern Sea Route. According to the new bill, only ships built in Russia and which will be carrying the Russian flag will be allowed to carry oil, natural gas and coal through the Northern Sea Route. The restrictions will start from 2019.
The icebreaking LNG Carrier ‘Vladimir Rusanov’, jointly ordered by Japanese MOL and China COSCO Shipping, conducted its first loading operations in the Yamal LNG plant at Sabetta port, from 27 to 28 March. The vessel is the first of three newbuilding vessels for the two companies in the Yamal LNG Project.
Recently, a milestone was set for Arctic shipping. Namely, the tanker “Eduard Toll” became the first ever ship to sail through the Northern Sea Route during winter, without the help of an icebreaker. Teekay’s “Eduard Toll” started from South Korea in December 2017, heading to the Sabetta LNG terminal in Russia.
On 26 February, Japanese MOL signed a Memorandum of Understanding with the Far East Investment and Export Agency, under the Ministry of the Russian Federation for the Development of the Far East, to cooperate in the development of the Northern Sea Route and the Russian Far East.
Soon after delivery, the icebreaker ‘Eduard Toll’ completed both its first loading at Sabetta Terminal Russia and first discharge in Montoir, France. This marked a major milestone for shipping in the Arctic. ‘Eduard Toll’s’ journey is the first time a shipping vessel made independent passage, without the support of an ice breaker, during this time of year.
GAC Russia announced it was appointed to manage Yamal LNG fleet of icebreaker tankers at Sabetta port for the next three years. Under the agreement, GAC Russia will handle an estimated 400 port calls every year; 200 in Sabetta and an additional 200 globally.
Russian independent natural gas producer Novatek has sold the first gas condensate cargo sourced from Yamal LNG via a tender. The first cargo loaded contained 18,000 tonnes, according to a Novatek spokesman. International sources report Vitol as the buyer.
‘Vladimir Rusanov’ is the first of three newbuilds for MOL and COSCO’s fleets in the Yamal LNG Project. The vessel will start operation at the end of March 2018, after being delivered at the end of December and conducting ice-breaking sea trials in Arctic waters.
With the completion of this Arc7 financing, Teekay LNG has now completed $2.2 billion in debt financings for their newbuildings in the past 12 months and has financed 14 of its remaining 15 LNG carrier newbuildings, which includes one floating storage unit.
The icebreaking LNG carrier ‘Christophe de Margerie’ completed her first loading of LNG cargo at the Port of Sabetta, on the Yamal Peninsular. The ship is the first in a series of 15 icebreaking LNG carriers ordered for Yamal LNG project, to transport LNG year-round in the challenging ice conditions of the Kara Sea and Gulf of Ob.
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