Russian Arctic LNG project to name shippers, ports in March

|By:, SA News Editor

Russia's $27B Yamal liquefied natural gas project, developed jointly by Total (TOT), China National Petroleum (SNP) and Russia's gas producer Novatek, reportedly will name by next month the shipping companies that will move LNG on icebreaking tankers from the Arctic to ports in Europe and Asia.

Two vessels have been commissioned so far; bidders for 14 more vessels include Dynagas (DLNG), Teekay LNG Partners (TGP), Golar LNG (GLNG) and a Chinese consortium.

The giant LNG plant at the remote Yamal Peninsula is one of the world's biggest gas projects and Russia's first foray to extract the vast natural resources that lay below the Arctic ice.