Russia's largest liquefied natural gas producer sets up tanker construction company

Volodymyr Tunik-Fryz — 6 April, 18:18

Russia’s largest LNG producer has set up a tanker construction company. Photo: Getty Images

Russia's largest liquefied natural gas (LNG) producer, Novatek, has established a company to build its own vessels and floating facilities.

Source: Reuters

Details: Ilya Lushchikov, who also heads Novatek's Murmansk LNG project, is in charge of the new company, Severny Engineering (Northern Engineering), which, according to the Russian company register, was founded on 25 March.

Western sanctions imposed in 2022 have significantly limited Russia's access to ice-class tankers used for transporting LNG cargo.

Zvezda, Russia's most advanced shipbuilder, which specialises in large Arc7 ice-class tankers that can break through ice up to two metres (6.6 feet) thick, has so far delivered only one Arc-7 class tanker for Novatek's Arctic LNG 2 project.

Novatek, which holds a 60% stake in the Arctic LNG 2 project, has said 15 Arc7 ice-class tankers will eventually be built at the Zvezda shipyard.

Previously: The US Treasury Department recently removed three Russian vessels from its sanctions list.

Support Ukrainska Pravda on Patreon!

gas oil Russia war