Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that China COSCO Shipping Corporation Limited will take an equity stake in the MOL wholly owned subsidiary that will own four LNG carriers serving the Russia Yamal LNG project. In December 2019 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. Mia Bennett Bloomberg’s Julian Lee did the math to show that crude exports from Russia’s three Arctic terminals – Varandey, Prirazlomnoye, and Arctic Gate – reached nearly 400,000 barrels a day in November. All rights reserved. China was instrumental in making the Yamal LNG work. The Yamal project is a long-term plan to exploit and bring to the markets the vast natural gas reserves in the Yamal Peninsula, Russia, where temperatures can reach -40oC. Partnership Announced at Davos to Accelerate Shipping Decarbonization, Alexander/Ryan Marine & Safety Expands Lifeboat Service and Inspection, Amazon Invests in Cleaner Fuel for Shipping, New Acoustic Research Makes it Harder for Drone Subs to Hide, Report Shows Seafarers "Losing Faith" After a Year of COVID Crisis, Dutch Cargo Ship Sails with New Wind-Assisted Technology, Diamond Offshore Latest in Industry to Complete Restructuring Plan, The Cruise Market Appears Poised for Recovery - Just Add Passengers, Investing in America’s Critical Maritime Infrastructure, Russian Fishing Controversy Shows Antarctic Governance Shortfall, Norway Invests in R&D to Propel Offshore Wind Development. Just a few years ago, hardly anybody lived at this remote outpost on the peninsula, a thumb of land sticking out from Siberia criss-crossed by reindeer herders and pipelines. It is owned by Teekay and China LNG Shipments. More gradually, Russia has become a serious exporter of Arctic oil. What I mean is that we are faced with the enormous task of developing the Arctic and the Northern Sea Route.”. U.S. and European Union sanctions on Russia have made it difficult for energy projects to get the capital they need from the West. The last eastward journey in 2019 was made by the Boris Davydov tanker that delivered a Yamal cargo to South Korea in October last year, according to data intelligence firm Kpler and Refinitiv Eikon. The opening of the Yamal spigot represents the falling into place of another crucial piece of China's global infrastructure strategy, the Belt and Road Initiative (BRI); and, yet it seems somehow, the West missed it. For years now, the Russian president has been pushing the narrative that development of the Arctic will further the development of Russia. As previously reported by LNG World News, the 172,000-cbm ice-class LNG carriers Vladimir Rusanov and Eduard Toll left the Yamal LNG port in Sabetta end-June. Russia’s largest independent natural gas producer, Novatek said Thursday it delivered its first cargoes of liquefied natural gas from the Yamal LNG project to China via the Northern Sea Route. Production on the first train commenced on 5 December 2017. This project is the world's biggest modularized project, aiming at minimizing the construction work at Sabetta construction site where the climate is very severe. Total holds the remaining 20%. China's CNPC has a … Why is this being done?”, Putin responded curtly, “While we are on this subject, what else can I say? Yamal LNG terminal is one of several gas project under development in the Yamal Peninsula, Russia, which collectively make up one of the world largest Fossil Extraction Megaprojects. The Yamal LNG megaproject in Northern Russia has secured one of the largest project financing packages in Russian history. Building on the success of that first project, Novatek is thus far sticking with the same project partners. Another Chinese outlet reported that “Chinese enterprises have contracted 85 percent of all modules [and] construction of 7 transport vessels.” (Chinese discourse also never lacks for colorful metaphors, with another Xinhua article referring to Yamal LNG as “an energy pearl inlaid in the Arctic Circle.”), The “Silk Road on Ice” (Source: China Times). Alexander/Ryan Marine & Safety, By The country’s government sees Yamal as its own success story, a view that clashes with the picture painted by Putin. With Yamal’s launch, overnight, Russia has doubled the number of Arctic LNG projects worldwide. Novatek amazed world experts with its huge plants and infrastructure built in the remote Yamal Peninsula at record speed. The first vessel to deliver a liquefied natural gas (LNG) cargo from Russia's Yamal plant via the Northern Sea Route this year is on its way to China, ship-tracking data showed and analysts said. Rather than referring to the Northern Sea Route as such, Xinhua said, “this passage through the Arctic Circle is called the ‘Silk Road on Ice. In other words, so goes the Arctic, so goes the nation. Further underscoring the Arctic shipping lane’s eastern orientation, Xinhua drew attention to the fact that more than 60 percent of the modules and components for the Yamal project were transported through the Bering Strait – meaning that most of them likely came from Asia. In addition to the participation of CNPC, which acquired a 20 percent stake in … China Development Bank Corp. are for two 15-year credit line facilities for 9.3 billion euros ($10.6 billion) and 9.8 billion yuan ($1.5 billion), Yamal LNG said in an e-mailed statement Friday. Beijing established this state-owned investment fund to support its ambitious aims with the Belt and Road Initiative, a $1 trillion plan to build infrastructure across Eurasia. Like other electrofuel ventures, Infinium seeks to produce high-energy-density products that are compatible with existing diesel engines and jet turbines. Putin thus inserted Yamal LNG into the longer arc he foresees of the development of the wider Russian Arctic, a region woefully ignored during the 1990s following the disintegration of the Soviet Union. The Maritime Executive, By Detection, classification and tracking are important for port security and the security of coastal and offshore operations, says Kristen Railey, a PhD candidate at MIT and the lead author of the paper. Project in progress. Construction at the facility began in 2013. The project will be the Russian company’s second liquified natural gas production facility in the Arctic following on the heels of the Yamal LNG plant. The insurance coverage for the credit line facilities is provided by European agencies including the Italian export credit agency SACE, the French export credit agency COFACE, the Swedish export credit agen… Novatek-Russia's largest independent natural gas producer-owns 50.1 percent of the project, while French energy giant Total accounts for 20 percent. China therefore sees the Yamal LNG project as much a project of its own making as Russia’s. The Arctic is an extremely important region, which will ensure the future of our country. The direct route to Asia, shorter than the westward journey via Europe, is frozen for much of the year, but is being used increasingly as climate change means it is free of ice for longer. Novatek (Russia), Total (France), CNPC and the Silk Road Fund (China) are its shareholders. Instead, state-run outlets like Xinhua are trying to bring the Russian Arctic into China’s sphere of maritime influence. The first official Yamal LNG delivery to China took place this April, when the Pskov LNG carrier took the long route via the Suez Canal to deliver liquefied gas, a voyage of approximately 40 days. When I was a child, I played with Legos. Yamal LNG has shipped the first LNG cargo containing 170 thousand cubic meters on 8 December 2017. Both Moscow and Beijing are eager to continue cooperation, though. A team of researchers from defense contractor Draper, MIT and the Woods Hole Oceanographic Institute (WHOI) have developed a new way to track unmanned underwater vehicles at long range. The 168,560 cbm vessel shipped LNG from the Russian port of Sabetta to the Chinese port of Tianjin, Russian natural gas producer Novatek said. The modules, together weighing in excess of 500,000 tonnes, were dispatched within 24 to 36 months of awarding contract. The Nikolay Yevgenov is only of 15 Arc7 icebreaking carriers that serve the Yamal LNG project. Yamal LNG has a production capacity of 16.5 million tons per year and a total of 208 production wells are slated. Yamal LNG project Developing giant South Tambey onshore gas-condensate field Plant in Sabetta, North-East of the ... a project PJOE (Penglai –China) LNG trains piperacks 33 modules, 122 kt 1 Fast-Track Module Taiwan South Korea Shanghai Philippines Malaysia Singapore Indonesia Beijing China … I can say with confidence that Russia’s power and capabilities will expand as we develop the Arctic region.”. Chinese banks loaned Yamal an additional $12 billion, the third biggest corporate deal of its kind in Russian history, according to Reuters. The “Yakov Gakkel” has loaded the 354th LNG cargo in the port of Sabetta bound to China. Mikhail Lomonosov once famously said that Russia would expand through Siberia. Today, with Yamal LNG, I get to play with bigger Legos. When I was a child, I played with Legos. This article appears courtesy of Cryopolitics and may be found in its original form here. I have already started talking about this. The 168,560 cbm vessel shipped LNG from the Russian port of Sabetta to the Chinese port of Tianjin, Russian natural gas producer Novatek said. The main partner on this project is Novatek, a Russian company that holds a 60% interest. LNG Phecda (Image: Hudong-Zhonghua) Hudong said in a statement the 174,000-cbm LNG Phecda left the Shanghai yard for gas trials on July 3. But it is also one of the most competitive, as it leverages the immense onshore gas resources of Russia’s Yamal Peninsula. Yamal LNG is the world’s largest modularized LNG project of its time. Launched in late 2013, Yamal LNG is one of the largest and most complex LNG projects in the world. MOL and China COSCO Shipping Jointly Own 4 LNG Carriers for Russia Yamal LNG Project November 02, 2017 TOKYO-Mitsui O.S.K. YAMAL LNG: A PARTNERSHIP BUILT ON EXCELLENCE. That would mean that Novatek will get significantly less capacity to export its Yamal LNG to the markets. This is a more ambitious project. The other shareholders are Total (10%), China National Petroleum Corporation (10%), China National Offshore Oil Corporation (10%) and Mitsui/Jogmec (10%). A new coalition is being formed to accelerate the decarbonization of shipping, transportation, and other heavy industries that collectively represent 30 percent of global emissions. In return for its money and equipment, Asia will buy up a lot of Yamal LNG’s output. Two Yamal LNG tankers, Eduard Toll and Vladimir Rusanov, will reach China’s Jiangsu province July 19, the first supplies from Yamal to reach China directly. The main partner on this project is Novatek, a Russian company that holds a 60% interest. A total of 142 modules were fabricated at 10 yards in China, Indonesia and Philippines. Operated by JSC Yamal LNG, a joint-venture of NOVATEK (50.1%), TOTAL (20%), CNPC (20%) and Silk Road Fund (9.9%), the Project is based on the Yamal Peninsula, above the Arctic Circle, and utilizes the resources of the South Tambey Field.. Still, China will be filling its pipes with gas from the Russian Arctic in due time. The Yamal LNG project was celebrated by Chinese media as the first Arctic energy project within China’s Belt and Road Initiative (BRI). Despite Putin’s Russia-centric frame of reference, however, Yamal LNG would likely not have been a success without crucial French and, notably, Chinese assistance. 01-26-2021 10:55:00. Our Standards: The Thomson Reuters Trust Principles. Alexander/Ryan Marine & Safety Yamal LNG Project is a huge scale project to construct 3 trains of LNG plant with capacity of 5.5MM ton/year including auxiliary facilities and LNG export facility. China also built tankers to ship LNG through sea routes thanks to China-Russia cooperation on Arctic exploration. The Maritime Executive At Putin’s command, gas began pumping into an LNG carrier sitting offshore. Already, Honghua, a major global supplier of oil and gas rigs, accounts for 60 percent of Russia’s oil drilling equipment imports. This project is the world's biggest modularized project, aiming at minimizing the construction work at Sabetta construction site where the climate is very severe. YAMAL LNG is an integrated project encompassing natural gas production, liquefaction and shipping. Operated by JSC Yamal LNG, a joint-venture of NOVATEK (50.1%), TOTAL (20%), CNPC (20%) and Silk Road Fund (9.9%), the Project is based on the Yamal Peninsula, above the Arctic Circle, and utilizes the resources of the South Tambey Field.. “However, identifying UUV signatures and using those signatures to estimate a UUV’s speed for passive tracking is a relatively... © Copyright 2021 The Maritime Executive, LLC. Yamal LNG (Russian: ОАО "Ямал СПГ") is a joint venture based around a liquefied natural gas plant located in Sabetta at the north-east of the Yamal Peninsula, Russia.In addition to the LNG plant, the project includes production at the Yuzhno-Tambeyskoye gas field, and the transport infrastructure, including the Sabetta seaport and airport. The project operator is Yamal LNG. China’s LNG demand is recovering from a dip caused by the coronavirus lockdown earlier this year, contributing to a rise in spot LNG prices in Asia over the last week. China's CNPC has a 20% stake. The Yamal LNG project is owned by Russia's Novatek (50.1 percent), France's Total (20 percent), CNPC (20 percent) and China's Silk Road Fund (9.9 percent). Project Implementation. LNG PHECDA is the third of four newbuilding conventional LNG Carriers for the Yamal LNG Project announced at the end of June, 2017 *1, and the sister vessel of the "LNG DUBHE" and " LNG MERAK " *2 which were delivered in November, 2019 and January, 2020 respectively at the same shipyard. The environmental conditions in this region offers a lot of challenges. China therefore sees the Yamal LNG project as much a project of its own making as Russia’s. In Sabetta, Putin asserted that success in Yamal “means further development of nuclear shipbuilding.” He also recently gave responsibility for development of the Northern Sea Route to Rosatom, the Russian nuclear regulator, a move that would be somewhat akin to having the U.S. Nuclear Regulatory Commission oversee development of the Alaskan coastline. Construction began earlier this The field’s proven and probable PRMS natural gas reserves are estimated at 926 BCM. The fourth and last train of Russian gas company Novatek’s Yamal LNG project is delayed and might cost the company several billions in lost revenue, according to reports. Alexander/Ryan Marine & Safety (ARMS) announced an expansion of its service capability regarding lifeboats and release gears. Companies like Novatek, the independent company operating Yamal LNG, have instead looked to China, which sees in Russia opportunities for geopolitical and economic gains. Novatek-Russia's largest independent natural gas producer-owns 50.1 percent of the project, while French energy giant Total accounts for 20 percent. Photo: Bloomberg (Bloomberg) — Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long navigation season this year. The BRI was … When the first train opened in December 2017 and PetroChina, the international arm of CNPC, is a 20% stakeholder and customer of Yamal. Now, 30,000 employees, mostly shift workers imported from southern and central Russia, have helped to construct the biggest LNG project north of the Arctic Circle. Its process takes a captured stream of CO2 from an industrial source - which today would be emitted directly into the atmosphere - and recombines... By Deliveries from the Yamal LNG project have drastically cut delivery time to Asian consumers. In turn, China National Petroleum Company received a 20 percent stake in the project. Launched today at the Davos Agenda as part of the World Economic Forum, the Mission Possible Partnership brings together over 400 companies, along with their customers, suppliers, bankers, shareholders, and regulators, to build pathways to net-zero. 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