• 2019 June 10 09:30

    Baltic LNG project entered investment phase of implementation – Aleksey Miller

    The project on construction of an integrated facility for liquefaction and processing of natural gas at the port of Ust-Luga (Leningrad Region) has entered the investment phase of implementation, IAA PortNews correspondent cites Alexey Miller, Chairman of the Gazprom Management Committee, as saying at St. Petersburg International Economic Forum (SPIEF 2019). According to him, an integrated facility with gas processing capacity of 45 million tonnes per year and liquefaction capacity of 17 million tonnes per year will be built in Ust-Luga. High ethane percent in the supplied resources will also let build a gas chemical facility.

    “So, there will be created an industrial cluster, unique in its potential on a global scale, a vertical system integrated into a unified system for supply of  ethane containing gas: supply, processing followed by LNG production on its base and supply of valuable components to gas chemical facility. In fact, it is Gazprom’s new economic model for monetization of crude hydrocarbons available for the company.”

    The project features a social significance. It will generate 5,000 jobs, 70% of equipment, work and services will be provided by Russian companies, supplies will exceed RUB 900 rubles. 

    “Investment decisions have been taken for all phases of the project and all projects have entered investment phase of implementation”, emphasized the head of Gazprom.

    As Kirill Seleznev, General Director of RusChemAlliance LLC (operator of gas liquefaction facility construction) said in his turn,  the project has entered an active phase of implementation with the first turn of the project to be completed by the end of 2023, the second one – by the end of 2024. 

    According to explanations of Deputy Minister of Finance Andrey Ivanov, the financial structure of the project will be developed by the Ministry of Finance involving VEB, VTB, Gazprombank, etc. “I think, for this project we will involve the National Welfare Fund, special tax solutions will be applied as well as everything needed to finance this project. We will strive to do everything to ensure organization and financial resources for this project. The Government of Russia and the Ministry are interested in this project”.

    VTB head Andrey Kostin underlined that the project would be implemented within a short period of time.




2020 July 10

11:35 Construction commences on Austal's largest ever ferry
11:04 GIWACAF launches webinar series on oil spill preparedness and response
10:46 FSUE “Rosmorport” takes award-winning place in the annual sailing regatta
10:32 LR to develop structural digital twin for Bluewater FPSO Glas Dowr
10:22 Rosmorport changes tariffs on berth assignment services in Astrakhan and Olya seaports
09:59 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:37 Oil prices decrease amid concern over demand recovery rates
09:20 Baltic Dry Index as of July 9
09:11 MABUX: Bunker market this morning, July 10

2020 July 9

19:03 OOCL receives Gold Award from the HKAEE for the fourth time
18:10 Aquila Power Catamarans announce a luxuriously versatile new model
17:55 Tallink Grupp’s vessel Sailor to operate on Paldiski-Kapellskär Route from Sunday
17:31 Bunker prices are flat at the Far East ports of Russia (graph)
17:28 Port of Rotterdam to start trial with PIN-free container handling
17:18 Damen holds keel-laying for Port of Auckland’s fully electric RSD-E Tug 2513
17:12 Diana Shipping announces time charter contract for m/v Selina with ST Shipping
16:44 "K" Line participates in JV for FPSO owning and chartering business offshore Brazil
16:23 Jan De Nul Group has started offshore installation activities in Taiwan
16:06 Port of Liepaja throughput in 6M’2020 fell by 15.6% Y-o-Y
15:48 Russia remains in Paris MOU’s White List
15:24 PD Ports submit response to national Freeport consultation
15:03 Khabarovsk Territory Governor Sergey Furgal detained by officials of Russia’s Investigative Committee
14:39 Aibel awarded Oseberg portfolio agreement
13:47 Ukraine is still on Paris MOU’s Black List
13:22 MOL announces joint development of energy-saving rudder
12:50 Container shipments on Russian Railways’ network up 15% in 1H 2020
12:17 Cargo transhipment in North Sea Port falls by more than 11% in first half of year
12:07 ABB teams up with Yinson on offshore oil and gas project in Brazil
11:20 FPSO operators could save £15 million per asset on maintenance
10:42 The CMA CGM Group commits to fight illicit trafficking in protected species and tightens its shipment control procedures
10:10 Unifeeder contracts We4Sea for fleetwide vessel performance monitoring
09:38 MABUX: Bunker market this morning, July 09
09:29 Oil market sees mixed price movements
09:13 Baltic Dry Index as of July 8

2020 July 8

18:11 Carnival Cruise Line sets ship delivery changes and related deployment plans
17:50 POWERGLOBE seeks for 10 years LNG vessel charter-agreement
17:27 Maritime partners unveil Autonomous Guard Vessel
17:03 THE Alliance announces COVID-19 response measures for August 2020
16:48 SaR operation in Singapore: man overboard incident
16:20 Throughput of Rostov-on-Don port in 6M’2020 grew by 10% Y-o-Y
16:13 Maritime industry calls for EU political leadership on seafarers
15:23 Port of Antwerp total throughput down by 4.9% in H1 2020
14:03 Wärtsilä introduces the system, designed to reliquefy boil-off gas onboard gas carriers and LNG bunker vessels
13:45 RF State Duna adopts a package of laws on privileges in the Arctic
13:12 PD Ports wins major pipeline contract with Global Manufacturer at Hartlepool
12:44 DCSA publishes standards for digital exchange of operational vessel schedules
12:18 Germany takes over HELCOM chairmanship
12:11 Seanergy Maritime announces agreement to acquire a Capesize vessel with prompt delivery
11:55 Russian Fishery Company fleet renewal to reduce carbon footprint by 50%
11:29 Pella Shipyard delivers patrol boat of Project 03160
11:04 Austal delivers first of two 118 metre trimarans to Fred. Olsen Express
10:43 Barcelona Cruise Port obtains the 'Safe Travels' Stamp, as safe infrastructures preventing COVID-19
10:32 Throughput of Rosterminalugol in HI’2020 grew by 10% YoY
10:04 ESPO says EU Taxonomy should align with already defined sectoral sustainability criteria
09:40 Oil prices continue decreasing
09:37 MABUX: Bunker market this morning, July 08
09:23 Bunker prices rose at the Port of Saint-Petersburg, Russia (graph)
09:08 Baltic Dry Index as of July 7

2020 July 7

18:06 ZIM unveils new digital services
17:49 Great Arctic Regatta started in Saint Petersburg