PAO NOVATEK introduced that its joint endeavor Arctic LNG 2 (“Arctic LNG 2” and/or the “Project”) participated in long-lasting charter arrangements on 14 Arc7 ice-class LNG vessels with CLEVER LNG (a joint endeavor in between NOVATEK as well as PAO Sovcomflot), with the building of the LNG vessels to be developed at the Zvezda Shipbuilding Complex.
The finalizing of the charter arrangements permitted SMART LNG in conclusion the equivalent agreements with the VEB.RF Group as well as Zvezda Shipbuilding Complex LLC for the building as well as lease funding of these vessels.
In October 2019, the agreements for hiring, funding as well as building of a pilot ice-class LNG vessel to be developed at the Zvezda shipyard were authorized.
Image Credits: Novatek
Earlier, the individuals of Arctic LNG 2 (NOVATEK, OVERALL, CNPC, CNOOC, as well as the consortium of Mitsui as well as JOGMEC) according to the Projects’ Sea Transportation Strategy, accepted the building of 15 Arc7 ice-class LNG vessels at Zvezda Shipbuilding Complex.
The building of 15 advanced ice-class gas vessels makes sure the core development of the Arctic fleet for the Project that will certainly permit the all year transportation of LNG along the Northern Sea Route to the Asian Pacific area, as well as offer an essential stimulation to create the Russian shipbuilding market.
Reference: novatek.ru
