Russian independent gas manufacturer NOVATEK as well as state-owned naval delivery business Sovcomflot have actually consented to a calculated collaboration to create maritime delivery assistance for Novatek’s Arctic gas tasks consisting of Yamal LNG as well as the Arctic LNG-2 task.

Under a calculated collaboration contract authorized today, both Russian business will certainly create reliable logistical options for delivery oil as well as gas items with theArctic

“Our unique partnership with Sovcomflot will optimize our LNG transport model through the Arctic zone by efficiently and effectively using ice-class tankers” according to NOVATEK’s Chairman ofManagement Board Leonid Mikhelson “To implement our long-term development strategy to produce more than 55 million tons of LNG by 2030, we need to establish an efficient Northern Sea Route shipping model. Combining our efforts with Sovcomflot, one of the global leaders in navigation in harsh ice conditions will allow us to achieve maximum efficiency in managing our transportation costs.”

PAO Sovcomflot as well as PAO Novatek have actually interacted on a variety of tasks in the past.

In 2010, both business partnered on the vessel SCF Baltica’s transportation of the Northern Sea Route, the initial large-capacity vessel to make the transportation. From 2014 to 2016, they additionally partnered on the building and construction of the Christophe de Margerie, the globe’s initial Arctic LNG service provider. In December 2017, Christophe de Margerie carried the initial freight of gas raised from the brand-new $27 billion Yamal LNG liquefaction as well as export plant in theRussian Arctic

“Working with Novatek on this new strategic partnership, which is of a major national economic significance, our experts will bring to the table their specialist knowledge and engineering expertise,” stated Sergey Frank, CHIEF EXECUTIVE OFFICER ofSovcomflot “Their skills have been honed, tried and tested over many years of efficient and safe operation of ice-breaking tankers – vessels purpose built for Sovcomflot to provide the mission critical logistics for major oil and gas projects in Russia’s Arctic, comprising Varandey, Prirazlomnoye, Novy Port, and Yamal LNG.”