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MOL Inks Contract For Newbuilding Ice-Breaking Tanker To Serve Russia’s Arctic LNG 2 Project

marinesalvage by marinesalvage
September 19, 2022
in News
0
MOL Signs Charter Contract for A Newbuilding Ice-Breaking Tanker to Serve Russia's Arctic LNG 2 Project

Mitsui O.S.K. Lines,Ltd (MOL) revealed that on January 26, it consented to join freight transportation for the Arctic LNG 2 Project on Russia’s Gydan Peninsula, as well as authorized, with a MOL subsidiary, a charter agreement for a newbuilding ice-breaking vessel with the job firm, whose biggest investor is Russia- based PAO NOVATEK. The vessel will certainly be built atGuangzhou Shipyard International Company Limited (Headquarters: China) which is a subsidiary of China State Shipbuilding Corporation Limited (CSSC) as well as is slated for distribution in 2024.

This agreement complies with the October 2020 finalizing of charter agreements for 3 ice-breaking LNG vessels to offer for the very same job. The vessel will certainly transfer condensate from the LNG/condensate plant inside the Arctic Circle on the Gydan Peninsula, mostly to Europe (westbound) by means of theNorthern Sea Route (Fig 1)

MOL has actually run 3 ice-breaking LNG service providers on the Northern Sea Route for the Yamal LNG Project considering that March 2018. In enhancement, 3 ice-breaking LNG service providers for the Arctic LNG 2 Project are arranged to enter into solution in 2023.

AMA Season 2016
                                             Image Credits: mol.co.jp

MOL has actually gained prestige for its performance history it has actually improved the Northern Sea Route, its technical abilities as well as experience, as well as gathered sources, every one of which added to the final thought of the agreement. It will certainly better improve its experience as well as expertise on the Northern Sea Route with its participation in carrying condensate in addition to LNG, as it functions to broaden the maritime transportation of this next-generation, eco-friendly power sources from theRussian Arctic It will certainly likewise make certain steady accessibility to power generated in the Russian Arctic to provide Japan progressively as well as advertise around the world decarbonization initiatives.

Addressing ecological concerns according to the MOL Group Environmental Vision 2.1, the team carries out thorough, continuous initiatives to accomplish lasting web no GHG exhaust as well as add to the awareness of a reduced- as well as decarbonized culture.

[Profile of New Ice-breaking tanker]

Main measurementsLength: 214m, Breadth: 34m
Cargo hold capability54,800 m 3
Ice Class: SpecificationsRMRS ARC7
Polar Service Temperature: -50 ºC
Ice splitting cruising abilitiesMaximum icebreaking capability:
1.5 m thick at in advance/ 1.8 m at astern with icebreaker bow framework as well as 2-shaft shell prop
ShipyardGuangzhou Shipyard International Company Limited

(Note 1) Arctic LNG 2 Project

This massive LNG job in Gydan Peninsula by Russian firm LLC ARCTIC LNG 2 is moneyed by NOVATEK 60%, Total 10%, China National Petroleum Corporation (CNPC) 10%, China National Offshore Oil Corporation (CNOOC) 10%, as well as Japan Arctic LNG B.V. 10% (a Dutch firm moneyed by Mitsui & & Co.,Ltd (25%) as well as Japan Oil, Gas as well as Metals National Corporation (JOGMEC) (75%)). The job is slated to begin in 2023.

Reference: mol.co.jp

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