Reuters logo
Russia's Yamal LNG chooses gas carriers - report
April 23, 2014 / 7:31 AM / 4 years ago

Russia's Yamal LNG chooses gas carriers - report

MOSCOW, April 23 (Reuters) - The Yamal LNG project in Russia’s Arctic has chosen Russian Sovkomflot, Japan’s Mitsui OSK and Canada’s Teekay LNG to build gas carriers worth $5 billion, a daily newspaper reported on Wednesday.

Vedomosti, citing a source close to Yamal LNG shareholders, said that the companies would build 16 LNG carriers and ship the supercooled gas.

A spokesman for Russia’s Novatek, which holds 60 percent in the $27 billion project, declined to comment. France’s Total and Chinese company CNPC have 20 percent each.

The project is slated to start producing gas in 2016 with a view to supplying 16.5 million tonnes of the tanker-shipped fuel in 2018.

Novatek plans to ship its gas to Asia mostly via the Northern Sea Route as it brings estimated transportation costs down by two-thirds compared to the route via Europe. (Reporting by Vladimir Soldatkin; editing by Lidia Kelly and Keiron Henderson)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below