Zvezda to manufacture 35-37 LNG tankers for Novatek by 2030, foreign shipyards – 10

TASS Russian News Agency | Jan 23, 2020 at 7:25 AM

DAVOS, January 23. /TASS/. The largest independent gas producer in Russia, Novatek, has received permission from the Russian government to build tankers in foreign shipyards for LNG projects, however, Russian shipyard Zvezda will do the majority of the work. In total, 35-37 LNG tankers will be built on Zvezda shipyard for the company's projects before 2030, and 10 - at foreign shipyards, Head of Novatek Leonid Mikhelson told reporters on the sidelines of the World Economic Forum (WEF) in Davos.

"We received a positive response (permission to build at foreign shipyards - TASS). Due to increased design capacity of Yamal LNG and commissioning of Obsky LNG for 5 vessels, they have already signed a contract, in March VEB will sign, with Zvezda for 15 gas carriers - we should receive them in 2023-2025. We need 10 more, which will be placed at foreign shipyards. Before entering the first stage, we will accept an investment decision on the next project (Arctic LNG - 1), before 2030 another 15-17 tankers will be stationed at the Zvezda," he said.

Novatek needs permission to build ships at foreign shipyards, as the company has exceeded its LNG production plans, and the Zvezda shipyard may not be able to cope with the increased volumes on time.

At the end of 2019, it was reported that the Russian government was considering the possibility of supplying large vessels for the needs of Novatek from abroad.