VEB.RF: Russia to Pay around USD 4.5 Bn for New Arctic LNG 2 Tankers

FinanceIllustration; Source: Pixabay under CC0 Creative Commons license

The fifteen new ice-class liquefied natural gas (LNG) carriers, that are envisaged to be deployed for the Arctic LNG 2 project, would cost over RUB 300 billion (USD 4.49 billion).

The overall cost of the project was revealed as part of a session of the Russian state-owned VEB.RF Bank Supervisory Board, where the bank’s Chairman, Igor Shuvalov, said that one vessel would cost around USD 330 million.

The project, being undertaken by Novatek and Sovcomflot in partnership with VEB.RF, would see the vessels delivered by 2024. Shuvalov stressed that they are looking to build the ships locally, at Russia’s Zvezda Shipbuilding Complex.

“The new vessels with a high ice class are aimed for carrying LNG under the Arctic LNG 2 project. They will navigate the Northern Sea Route and, of course, must comply with the most recent environmental and other requirements,” Dmitry Medvedev, Russian Prime Minister, said at the occasion.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >