PetroChina, the international arm of CNPC, is a 20% stakeholder and customer of Yamal. 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. 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. Building on the success of that first project, Novatek is thus far sticking with the same project partners. A lot of money is spent on the Arctic. 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. Mia Bennett The Yamal LNG megaproject in Northern Russia has secured one of the largest project financing packages in Russian history. The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal. China continues to invest in Arctic natural resources as two Chinese national oil companies secure a 20 percent stake in Novatek’s massive Arctic LNG 2 project. In addition to the participation of CNPC, which acquired a 20 percent stake in … Novatek－Russia's largest independent natural gas producer－owns 50.1 percent of the project, while French energy giant Total accounts for 20 percent. 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. Chinese banks loaned Yamal an additional $12 billion, the third biggest corporate deal of its kind in Russian history, according to Reuters. 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. 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. The Arctic is an extremely important region, which will ensure the future of our country. This article appears courtesy of Cryopolitics and may be found in its original form here. Yamal LNG begins shipments from the second LNG train on August 2018. Still, China will be filling its pipes with gas from the Russian Arctic in due time. 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 Nikolay Yevgenov is only of 15 Arc7 icebreaking carriers that serve the Yamal LNG project. The project implies the development of the South Tambey gas field on the Yamal … In worst case, the azipod will have to be replaced and the ship placed in a dock for a month. A story from Taiwan’s official outlet, Central News Agency, opened with these two noteworthy sentences: “The Yamal LNG project, jointly developed by China and Russia in the Arctic Circle, has been put into operation recently. 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. When I was a child, I played with Legos. The field’s proven and probable PRMS natural gas reserves are estimated at 926 BCM. 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. See here for a complete list of exchanges and delays. Alexander/Ryan Marine & Safety (ARMS) announced an expansion of its service capability regarding lifeboats and release gears. Marine Traffic also shows the vessel sailing not towards Asia, but rather to Denmark’s Port of Skagen. 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. The opinions expressed herein are the author's and not necessarily those of The Maritime Executive. The Maritime Executive 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 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). Yamal LNG Received all 15 Arc7 Ice-class Tankers. Once Yamal is fully operating in 2019, 4 million tons of LNG from Yamal are planned to be exported to China each year. 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. For the past 20 years, no one spoke about it, and today we see Arctic troops even at the Victory Day parade. […] 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. 12-15-2017 09:33:55. Yamal project, also referred to as Yamal megaproject, is a long term plan to exploit and bring to the markets the vast natural gas reserves in the Yamal Peninsula, Russia.Administratively, the project is located in the Yamalo-Nenets Autonomous Okrug.The project is developed by Gazprom. The project is being developed by JSC Yamal LNG, a joint venture between the Russian company Novatek (50.1 percent), French company Total (20 percent), China National Petroleum Corp. (20 … Alexander/Ryan Marine & Safety, By 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. 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 Yamal liquefied natural gas (LNG) project, a joint venture between China and Russia, launched its second production line on Thursday, six months ahead of its initial schedule. As the company announced, the China National Petroleum Corporation (CNPC) and the China National Offshore Oil Corporation (CNOOC) each secured a 10 percent share, mirroring closely the 20 percent stake CNPC holds in Yamal LNG. The field’s proven and probable PRMS natural gas reserves are estimated at 926 BCM. China was instrumental in making the Yamal LNG work. Vladimir Rusanov, an icebreaking LNG carrier, has completed the Northern Sea Route (NSR) passage via the eastern direction and delivered a cargo of LNG produced by the Yamal LNG project to China. The Christophe de Margerie vessel, an Arc7-classed LNG tanker, left the Sabbeta port in Russia’s Arctic on May 18 and is expected at China National Petroleum Corp’ (CNPC) Tangshan LNG terminal on June 11, data on Refinitiv Eikon showed. Completion of this development in 2019 is expected to help make up for the LNG shortage in China and open up the Arctic waterway for China.” On the mainland, state-run outlet Zhejiang Press Office declared, “Throughout the project’s construction process, China’s advanced engineering capabilities showed most vividly,” while also adding, “the creative work of China’s construction team and builders is remarkable.” The article noted how of the four polar drilling rigs in one of the condensate fields, one was produced in China. About the Project. 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 plant consists of three production lines with each having a capacity of 5.5 million tons per year. China therefore sees the Yamal LNG project as much a project of its own making as Russia’s. Why is this being done?”, Putin responded curtly, “While we are on this subject, what else can I say? For the moment, Chinese media seems to be ignoring Russia’s nationalist dreams of transforming the Northern Sea Route. 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.. 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. For years now, the Russian president has been pushing the narrative that development of the Arctic will further the development of Russia. YAMAL LNG: A PARTNERSHIP BUILT ON EXCELLENCE. China's CNPC has a 20% stake. Novatek amazed world experts with its huge plants and infrastructure built in the remote Yamal Peninsula at record speed. Even the icebreaking LNG carrier, Christophe de Margerie, was built in Korea. The Maritime Executive More gradually, Russia has become a serious exporter of Arctic oil. This is not just an important event in our country’s energy sector, or gas production and liquefaction. Today, with Yamal LNG, I get to play with bigger Legos. 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. 01-27-2021 10:28:15. The Maritime Executive, By The Arctic LNG 2 project is 60% owned by Novatek. China therefore sees the Yamal LNG project as much a project of its own making as Russia’s. The Yamal liquefied natural gas (LNG) project, a joint venture between China and Russia, launched its second production line on Thursday, six months ahead of its initial schedule. Today, with Yamal LNG, I get to play with bigger Legos. Construction at the facility began in 2013. 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. Independent Russian gas producer Novatek began operations at Yamal in December 2017. China’s Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic. 01-27-2021 10:57:06. Mikhail Lomonosov once famously said that Russia would expand through Siberia. 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. That would mean even Christophe de Margerie would be ineligible to load LNG at Yamal, as it is a Cyprus- and not Russia-flagged ship. Its largest LNG producer and exporter, Novatek, has been shipping liquefied gas to China via the Northern Sea Route (NSR) along the Arctic coast. Experience. But it is also one of the most competitive, as it leverages the immense onshore gas resources of Russia’s Yamal Peninsula. Like other electrofuel ventures, Infinium seeks to produce high-energy-density products that are compatible with existing diesel engines and jet turbines. The main partner on this project is Novatek, a Russian company that holds a 60% interest. 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. Gas-strapped and cash-rich, China has poured money into resource projects and companies in far-flung locations. Deliveries from the Yamal LNG project have drastically cut delivery time to Asian consumers. Vladimir Rusanov, an icebreaking LNG carrier, has completed the Northern Sea Route (NSR) passage via the eastern direction and delivered a cargo of LNG produced by the Yamal LNG project to China. Construction began earlier this Launched in late 2013, Yamal LNG is one of the largest and most complex LNG projects in the world. Amazon's climate pledge fund has joined Mitsubishi Heavy Industries and three venture-capital partners in a funding round for Infinium Holdings, a startup focused on making synthetic hydrocarbon fuels from industrial CO2 sources and green hydrogen. Yamal LNG, the world’s most northerly project of its kind, is located beyond the Arctic circle. 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. 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.. The modules, together weighing in excess of 500,000 tonnes, were dispatched within 24 to 36 months of awarding contract. Initial reports stated that Russia would send the first gas from Yamal to China as a symbolic gesture, but it actually appears that the first sale has been made to a UK-based subsidiary of Malaysia’s Petronas. Yamal LNG has a 15-strong fleet of Arc7-classed LNG tankers that are the only vessels able to get to the facility to load cargoes in winter and the only ones able to ship cargoes eastwards via the Northern Sea Route in summer, when icebergs melt enough to let them pass. And there is more to come. The Yamal LNG project was celebrated by Chinese media as the first Arctic energy project within China’s Belt and Road Initiative (BRI). Total holds the remaining 20%. The plant consists of three production lines with each having a capacity of 5.5 million tons per year. The Maritime Executive The Yamal LNG Plant, designed to produce approximately 16.5 MTPA, is being built directly on the South Tambey Field, on the coast of the Ob Bay. The “Yakov Gakkel” has loaded the 354th LNG cargo in the port of Sabetta bound to China. SINGAPORE/LONDON (Reuters) - 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. It is located on the Gydan Peninsula, 70 kilometres across the Ob Bay from Yamal LNG. The Yamal LNG project is financed by National Welfare Fund of Russia, Sberbank, Gazprombank, China Development Bank, the Export-Import Bank of China, Japan Bank for International Cooperation (JBIC), as well as a group of European banks including Raiffeisen Bank International and Intesa Sanpaolo. 01-26-2021 10:55:00. An Arctic tanker loading liquefied natural gas at the Yamal LNG plant in the port of Sabetta, Russia. Yamal LNG has shipped the first LNG cargo containing 170 thousand cubic meters on 8 December 2017. LNG Marketing. By Jessica Jaganathan, Ekaterina Kravtsova. Its process takes a captured stream of CO2 from an industrial source - which today would be emitted directly into the atmosphere - and recombines... By Whether Russia’s domestic policies in the Northern Sea Route will be beneficial for China, though, has yet to be seen. 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 … The main partner on this project is Novatek, a Russian company that holds a 60% interest. What I mean is that we are faced with the enormous task of developing the Arctic and the Northern Sea Route.”. Our Standards: The Thomson Reuters Trust Principles. I can say with confidence that Russia’s power and capabilities will expand as we develop the Arctic region.”. All quotes delayed a minimum of 15 minutes. All rights reserved. 01-26-2021 09:30:00. The other shareholders are Total (10%), China National Petroleum Corporation (10%), China National Offshore Oil Corporation (10%) and Mitsui/Jogmec (10%). 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. The final investment decision on the project was made in December 2013. Because of US and EU sanctions on Russia, the facility faced financing challenges. Yamal LNG was one of the first three projects financed by the Silk Road Fund. 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. When the first train opened in December 2017 and 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 BRI was … ARMS is now approved by ABS (American Bureau of Shipping) & DNV-GL, as an authorized service and inspection provider for lifeboats by the most popular manufacturers as well as their release gears. 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. While his push of a button sought to symbolize his clear and effortless control over Yamal, the Russian Arctic, and the country at large, the network of actors involved in making the project a success runs far and wide. 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). YAMAL LNG is an integrated project encompassing natural gas production, liquefaction and shipping. 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. With partners Novatek, CNPC and the Silk Road Fund, Total is developing the enormous South Tambey gas and condensate field. Companies like Novatek, the independent company operating Yamal LNG, have instead looked to China, which sees in Russia opportunities for geopolitical and economic gains. 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. 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. 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. China also built tankers to ship LNG through sea routes thanks to China-Russia cooperation on Arctic exploration. Last Friday, Russian President Vladimir Putin descended on the frigid Yamal Peninsula to participate in the opening ceremony for a major Arctic liquefied natural gas (LNG) project at the booming port town of Sabetta. When I was a child, I played with Legos. By U.S. and European Union sanctions on Russia have made it difficult for energy projects to get the capital they need from the West. In return for its money and equipment, Asia will buy up a lot of Yamal LNG’s output. By 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. Run by the Energy Transitions Commission, Rocky Mountain Institute, the We Mean Business coalition, and the World Economic Forum,... By A total of 142 modules were fabricated at 10 yards in China, Indonesia and Philippines. Special ARC 7 ice class carriers (by Russian classification standards) have been custom-designed and are being built for the Yamal LNG Project to support year-round navigation without any icebreaker assistance along westbound navigation routes, and during summer navigation season - eastbound via the Northern Sea Route. 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. Instead, state-run outlets like Xinhua are trying to bring the Russian Arctic into China’s sphere of maritime influence. Project in progress. The project includes the building of the Yamal liquefied natural gas (LNG) plant. Yamal LNG is thus intended to jump start development of the Northern Sea Route. The opening of the Yamal LNG plant gave Russia its second LNG plant, the Arctic its largest, and China a new source of desperately needed energy. China's CNPC has a … Alexander/Ryan Marine & Safety Yet even as Russia inches closer to becoming the world leader in Arctic oil and gas, it’s worth remembering who is behind this evolution: not just Moscow, but also, among others, Beijing. '” When not using this new moniker that points to China’s plans to revive the ancient Silk Road, Chinese officials call the shipping lane the “North-East Passage” rather than the Northern Sea Route, a term which emerged under Soviet rule following the government’s closure of the lane to international shipping. Prior to Friday, only Norway’s Snøhvit field off Hammerfest was exporting LNG from north of the Arctic Circle. With Yamal’s launch, overnight, Russia has doubled the number of Arctic LNG projects worldwide. 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. 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