PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its joint venture Yamal LNG completed the first ship-to-ship LNG transhipment in the area near the port of Honningsvag in northern Norway.
The Arc7 ice-class LNG tanker “Vladimir Rusanov” successfully reloaded an LNG cargo delivered from the Yamal LNG facility at Sabetta to the lower ice-class designated tanker “Pskov”, which then delivered the reloaded cargo to customers in North-West Europe.
“The first ship-to-ship LNG transhipment is a very important commercial milestone for us,” noted NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev.
“This approach allows us to optimize our transport costs by decreasing the travel distance of the Arc7 ice-class tankers and to ensure timely offloading of LNG from Yamal LNG project. The experience we gain from ship-to-ship LNG transshipments will be used at our future large-scale LNG transhipment projects in Kamchatka and the Murmansk region, according to us the opportunity to build an efficient logistics chain for our LNG projects.”