• 2020 March 31 16:55

    State Duma of Russia approved in first reading expansion of resource base for LNG production projects

    On 31 March 2020, State Duma of the Russian Federation approved in the first reading the draft Federal Law (No 895044-7) On introduction of amendments into Article 3 of the Federal Law on Gas Exports in the part of expansion of the resource base for export projects involving production of liquefied natural gas, says press center of Russian Gas Association (RGA).

    The document has been drafted by the Ministry of Energy in pursuance of the President’s and the Government’s orders aimed at creation of conditions for exports from promising LNG projects.

    According to the statement, the analysts forecast almost a two-fold increase of LNG sales in the coming 15 -20 years – from 350 to 570-700 million tonnes.  Therefore, Russia should build up LNG production and exports from the current 30 million tonnes to 140 million tonnes which meets the resource base capacity.

    When speaking at the plenary session of State Duma, Pavel Zavalny, Chirman of the Energy Committee responsible for the bill, said that monetization of that resource base including Arctic resources of the Yamal and Gydan peninsulas is reasonable only through production and export of LNG.  
    According to Article 3 of the Federal Law, exclusive right for LNG exports is given to owners of mineral licenses to deposits of federal significance (obtained before 1 January 2013). It also foresees the construction of LNG plants or gas delivery to such plants.

    The draft law foresees expansion of the right for LNG exports to two new categories – those already provided with an exclusive right for LNG exports and expanding their resource base for building up the production capacity and companies affiliated with holders of LNG export licence.

    According to Pavel Zavalny, legally expanded resource base for LNG exports will let embark on Arctic LNG 2 and Ob LNG projects as well as development of other gas fields in Russia’s Arctic region.

    “Not only will that boost production and export of LNG, that will also facilitate the construction of LNG transshipment terminals in Kamchatka and in the Murmansk Region as well as gasification of those regions and Arctic territories. That will also let develop bunkering of seagoing LNG carriers, which is crucial for a vulnerable environment in the area of the Northern Sea Route.  LNG can account for up to 55% of NSR traffic growth to 80 million tonnes by 2024”, he said.

    Pavel Zavalny also expects Russian equipment and technologies make 80% of new LNG projects in the Arctic which means the development of a new technological niche. According to him, implementation of those projects will also generate about 90,000 jobs and ensure loading of 800 Russian companies for a decade with additional taxes to feed the federal and regional budgets.

2020 June 5

18:21 Mezhregiontruboprovodstroy appointed as sole contractor for construction of Utrenny terminal
18:05 CMA CGM announces FAK rates from Europe to Indian Ocean Islands
17:35 Teesport welcomes largest containership
17:05 EUROGATE Intermodal appoints Christopher Beplat as a new managing director
16:50 Russian Railways: Loading of export cargo bound for domestic ports up 6.4% in May 2020
16:35 DNV GL performs over twenty remote wind turbine inspections globally in times of COVID-19 related-travel restrictions
16:05 Gasum performs first LNG bunkering to Heerema’s Sleipnir
15:28 Acquisition and recapitalisation of Royal IHC finalised
14:18 First of two Austal's 118 metre trimarans for Fred. Olsen completes sea trials in Australia
13:56 Rosmorrechflot announces new competition for construction of Bagayevsky hydrosystem
13:29 Zvezda Shipyard stars cutting steel for yet another Aframax tanker
13:01 Keppel enters into framework deed with Borr Drilling to defer scheduled delivery of rigs
12:01 Port of Rotterdam Authority decides to hold RFT for transport service along Container Exchange Route
11:47 Yevgeny Ditrikh takes helm of STLC Board of Directors
11:04 The second largest container vessels in the world, now has its “Socarrat”
10:41 Oil prices rise within $1
10:28 Marseille Maersk sets up new record for the port of Rotterdam
10:23 Training exercise held with rescuers of RF Navy’s Northern fleet to assist emergency ship in the Arctic
10:00 RF Navy's oceanographic research vessel Admiral Vladimirsky entered the North Sea
09:39 Bunker prices rise at the port of Saint-Petersburg, Russia
09:18 Baltic Dry Index on June 4
08:46 MABUX: Bunker market this morning, June 05

2020 June 4

18:20 Wärtsilä to supply Europe's most modern simulator for inland shipping training
18:02 Dutch innovative app trains 10,000 process industry workers in Singapore during Covid-19 lockdown
17:47 Singapore Maritime and Ports Authority issues guidelines for crew change
17:25 Gasum performs first LNG bunkering to Heerema’s Sleipnir
17:02 China Merchants Group's emergency working group of the prevention and control of COVID-19 holds 20th meeting
16:34 Throughput of port Vysotsk in 5M’2020 fell by 24.2% Y-o-Y
16:02 Diana Shipping announces time charter contract for m/v G. P. Zafirakis with Koch
15:41 NS Power's crew rescues two people in the Andaman Sea
15:23 RS Rules update: hybrid propulsion
15:02 Grimaldi boosts its Italy-Greece connections
14:32 DNV GL and ABB launch new MOU to advance marine digitalization with a remote signing ceremony
14:02 150 trapped eels rescued at the Port of Gothenburg
13:48 Bunker price are stable at the Far East ports of Russia (graph)
13:31 MSC Mediterranean Shipping Company extends the seasonal blanking programme on its Asia–Europe network
13:01 Wärtsilä offers new remote service to overcome Covid-19 travel restrictions
12:31 DEME to build the Scheldt tunnel
12:03 Havyard presents new design concept for zero-emission sightseeing vessels
11:45 Annual throughput of Murmansk Transport Hub to be raised to 100 million tonnes
11:23 Construction of automated gate complex commences at APM Terminals Aarhus
11:10 Port of Zeebrugge joins the International Port Community Systems Association
10:58 Jiangnan Shipyard and Gabadi teams complete construction of the first LNG tank as part of an LNG-fuelled container ship project
10:57 AS Tallink Grupp Statistics for May 2020
10:33 More departures added for Helsinki-Tallinn route vessel Star from 4 June 2020
10:11 Oil prices go down by 1.48%-2.06%
10:00 CMA CGM cancels Low Sulphur Surcharge from July 1st, 2020
09:52 Russia’s leading shipping companies suggest development of ATB services by the USA example
09:40 PIER71 launches Smart Port Challenge 2020 with New Venture Capital Partners for maritime tech start-ups investments
09:36 MABUX: Bunker market this morning, June 04
09:14 Baltic Dry Index on June 3

2020 June 3

18:25 Russia's Main Department of State Expertise approves construction of operational water area under Obskiy LNG project
18:03 Cargotec’s Kalmar and MacGregor to help drive development of connected automated waterborne transport through participation in AEGIS project
17:46 Rosmorport announced tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
17:24 RF Government approved allocation of RUB 60.5 billion for Russian Railways’ BAM and Transsib projects in 2020
17:02 THE Alliance announces COVID-19 response measures for July, August and September 2020
16:35 Russian Railways CEO says railway link with Murmansk to be restored by June 23
16:11 Transport route to link Quy Nhon Port with Northeast Asia
15:49 Rosatomflot completed escorting Vladimir Voronin gas carrier along the Northern Sea Route
15:33 Fincantieri and ENI extend an agreement in the field of circular economy and decarbonisation