MOL agreed to participate in cargo transport for the Arctic LNG 2 project on Russia’s Gydan Peninsula. In addition, a MOL subsidiary signed this charter deal for a newbuilding ice-breaking tanker with the project company, whose largest shareholder is Novatek.
Chinese Guangzhou Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), will construct the vessel and deliver it in 2024. The vessel will have a capacity of 54,800 cubic metres.
Moreover, this contract follows the October 2020 signing of charter contracts for three ice-breaking LNG carriers for the same project.
The ice-breaking carrier will transport condensate from the LNG plant inside the Arctic Circle on the Gydan Peninsula, mainly to Europe via the Northern Sea Route.
MOL has operated three ice-breaking LNG carriers on the Northern Sea Route for the Yamal LNG Project since March 2018. In addition, three ice-breaking LNG carriers for the Arctic LNG 2 project will go into service in 2023.
Japanese giant says it will further enhance its experience and know-how on the Northern Sea Route through its involvement in transporting LNG; it works to expand the maritime transport of this next-generation, environment-friendly energy resource from the Russian Arctic.
It will also ensure stable access to energy produced in the Russian Arctic to supply Japan and promote decarbonization.