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DSME to build six more icebreaking LNG tankers for Novatek

DSME to build six more icebreaking LNG tankers for Novatek 

South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) will build six more Arc7 ice-class LNG tankers for Novatek. The Russian Sovcomflot and the Japanese Mitsui OSK Line (MOL) signed a corresponding agreement with DSME for a total of $ 1.7 billion.

 LNG tanker SMP


Thus, each vessel will cost buyers $ 283 million. Incidentally, they are 15% cheaper than similar icebreaking LNG carriers built by DSME for the Yamal LNG project.

The new six Arc7 class tankers will complement 15 of the same LNG carriers already ordered from the Russian shipyard Zvezda for the project. Arctic LNG-2 ”. As writes the Kommersant publication citing sources, Sovcomflot and MOL will acquire three vessels each.

At the same time, the shipowners will operate the tankers independently, without the participation of the joint venture Novatek and Sovcomflot. ” Modern Arctic sea transport ”. This joint venture will operate gas carriers built on Zvezda.

Why Novatek was allowed to build LNG tankers abroad

The policy of the Russian government suggests that vessels for the development of fields and transportation of extracted raw materials should, if possible, be built in Russia. However, due to Zvezda's workload and tight deadlines, Novatek chief Leonid Mikhelson last year asked President Vladimir Putin to allow the company to order ten more tankers abroad.

Mikhelson later explained that additional tankers were needed, including due to the increase in the design capacity of Yamal LNG, as well as plans to build the Obsk LNG. But due to the postponement of the investment decision on the second project, at least for a year, the need for additional tankers was reduced to six.

DSME itself disclosed on the Seoul exchange that it had entered into deals with two European companies for the corresponding amount. The shipyard did not name any contractors, Kommersant notes. The DSME also clarified that the vessels are due to be delivered by July and December 2023. : ///

Record DSME will build six more icebreaking LNG tankers for Novatek for the first time TEKNOBLOG .

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