Sunday, July 12, 2020

Yamal LNG Gets All 15 Arc7 Ice-Class Tankers

December 11, 2019

Image: Yamal LNG

Russian liquefied natural gas (LNG) producer Yamal LNG  announced the operational start of the new Arc7 ice-class LNG tanker “Yakov Gakkel”,  the fifteenth and final Arc7 ice-class tanker built specifically for the Project.

The Yakov Gakkel has loaded the 354th LNG cargo in the port of Sabetta bound to China, said a press note.

The vessel was built by Daewoo Shipbuilding and Marine Engineering (DSME) and is owned and operated by a 50-50 joint venture by Teekay (TK) LNG and China LNG Shipping. It is one of six vessel owned and operated by the Teekay-China LNG joint venture.

The Project’s Arc7 ice-class fleet is capable of shipping all of the LNG produced given the increased performance of the first three LNG trains and the planned launch of Train 4.

The presence of all 15 Arc7 ice-class tankers creates additional opportunities from 2020 for optimizing the Project’s logistics both westbound and eastbound, including the more extensive use of the Northern Sea Route.

Yamal LNG is constructing a 17.4 mtpa natural gas liquefaction plant comprised of three LNG trains of 5.5 mtpa each and one LNG train of 900 thousand tons per annum, utilizing the hydrocarbon resources of the South-Tambeyskoye field in the Russian Arctic.

The first LNG Train began production in Q4 2017 and Trains 2 and 3 - in July 2018 and November 2018, respectively. Yamal LNG shareholders include PAO NOVATEK (NVTK.ME) (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).

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