OIL AND GAS
Russia's Novatek uses short Arctic route for LNG shipment
by Daniel J. Graeber
Washington (UPI) Jul 19, 2018

Russian energy company Novatek said Thursday it shipped its first batch of liquefied natural gas to China using a so-called Northern Sea Route.

The northern passageway is a shipping lane in Russia's economic zone that runs along the Arctic coast to the Bering Strait. Novatek said it shipped its first cargos of LNG from its northern Yamal project to China using the route. The shipment took 19 days, compared to 35 days using a traditional shipping lane.

"This voyage begins a new era of Russian LNG shipments to meet the growing natural gas demands of the Asian-Pacific markets using the Northern Sea Route of the Arctic Ocean," Leonid Mickhelson, the chairman of Novatek's board, said in a statement.

The Yamal LNG project has the capacity to produce about 16.5 million tons of natural gas, and exports could target consumers in the Far East. Up to 16 ice-class carriers could be designated to ship LNG year-round to global consumers from the far north Kara Sea.

The first train, the facility that converts gas to the liquid form, went into production last year. Two more trains will be in service by 2019.

Russia meets about a quarter of the European energy demand, but has at times focused its economic efforts on the expanding economies in Asia.

Russian natural gas company Gazprom has a 30-year sales agreement with China National Petroleum Corp. that calls for 1.3 trillion cubic feet of natural gas per year through the Power of Siberia pipeline. The Kremlin described the 2,500-mile network as a way to tie the Russian energy sector to two poles of the economic world.

China holds a minority stake in the LNG facility on the Yamal Peninsula in Russia, alongside French energy company Total and Novatek, the largest private natural gas company in Russia.


Related Links
All About Oil and Gas News at OilGasDaily.com

OIL AND GAS
Senators plea for continued offshore oil and gas safety
Washington (UPI) Jul 19, 2018
A group of Democratic senators said eroding federal rules on offshore oil and gas safety means the government is ignoring lessons from Deepwater Horizon. The U.S. Interior Department's Bureau of Safety and Environmental Enforcement outlined proposed rules on offshore drilling safety mechanisms like blowout preventers. After the Deepwater Horizon accident in 2010, which left 11 rig workers dead, the Interior Department issued rules on safety measures like the blowout preventer and well-ca ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Saudi Arabia intercepts Yemen rebel missile: coalition

Lockheed contracted for Aegis missile defense development

AEGIS Weapons System sale to Spain approved by State Department

Pentagon awards Lockheed $78M for AEGIS development

OIL AND GAS
State Department approves sale of AMRAAM missiles to Denmark

Saudi Arabia says Yemen rebel missile intercepted

NATO successfully tests upgraded Sea Sparrow missile

Finnish navy to acquire Gabriel anti-ship missiles

OIL AND GAS
Elbit Systems Rolls-out Hermes 900 StarLiner

Forget joysticks, use your torso to pilot drones

Northrop Grumman receives $41.2M contract for MQ-4C Triton UAV

SkyGuardian drone completes transatlantic flight from U.S. to U.K.

OIL AND GAS
IntelsatOne FlexAir Coming This Summer for Government Aircraft Operations

Intelsat General Delivers Programming For American Forces Network

Altamira receives $25 million contract for radio frequency research

New Land Mobile Technology Driving The Need For Modern Satcom Capabilities

OIL AND GAS
Army Futures Command to be located in Austin, Pentagon announces

U.S. Army to introduce new physical fitness test

Honeywell tapped for M1 tank engine refurbishment

Rheinmetall tapped for laser light for Bundeswehr assault rifles

OIL AND GAS
NATO allies agree to partner for joint weapons purchases

Roscosmos Will Not Take Part in Farnborough Airshow in UK

Trump hails 'tremendous progress' on NATO defence spending

NATO summit in crisis over Trump spending demands

OIL AND GAS
Trump attacks US 'foolishness' heading into Putin showdown

Calling EU a US foe is 'fake news': Tusk barb at Trump

Tornado Trump rips diplomatic swathe across Europe

Trump lists Russia, EU, China as 'foes' ahead of Putin summit

OIL AND GAS
Physicists uncover why nanomaterial loses superconductivity

Squeezing light at the nanoscale

A new way to measure energy in microscopic machines

AI-based method could speed development of specialized nanoparticles