• Home
  • News
  • State Duma of Russia approved in first reading expansion of resource base for LNG production projects
  • 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.




2021 October 23

14:32 Viking begins sailing from Port Everglades for 2021-2022 winter season
13:12 Maritime NZ launches latest No Excuses on-water boating safety campaign
12:41 Governor Ron DeSantis: Florida’s seaports are open and ready to meet holiday demands
11:34 Ecochlor appoints Andrew Marshall as CEO
10:49 USCG interdicts 3 lanchas illegally fishing US waters

2021 October 22

18:01 RS provides the designers with a tool for automated check of hull structures
17:40 IADC supports 5th International Congress “Hydraulic Engineering Structures and Dredging” as its Partner
17:15 EXMAR and LATTICE announce joint development of CO2 carrier
16:27 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 12% in 10M’21
16:04 COSCO SHIPPING Ports and Silk Road Fund agree to establish cooperative strategic relationship
15:12 Port of Salalah partners with Maersk to launch a new end-to-end logistics service to Yemen through the Al-Mazyunah free zone
14:58 Marine Recruiting Agency trained 38% more people in 9M'2021
14:22 North Sea Port makes up for pandemic losses step by step in the first nine months of 2021
13:22 Bollinger Shipyards delivers 46th fast response cutter ahead of schedule despite direct hit from hurricane Ida
12:32 Port of Los Angeles reduces net air pollution during pandemic year
12:28 Navigation season officially closed in Lena Basin of RF IWW
12:01 GTT is selected by Samsung Heavy Industries to design the fuel tanks for six new LNG-fueled mid-size container vessels
11:49 Austal Australia delivers 13th Guardian-class Patrol Boat
11:22 Hyundai Heavy Industries awards no objection letter to Gazpromneft Ocean oils
10:21 Singapore crowned as the “Best Global Seaport” for the first time and won "Best Seaport in Asia" for the 33rd time
10:11 Delegation of MOL shipbuilding company visits Rosmorport’s Murmansk Branch
09:49 MABUX: Bunker prices may demonstrate downward changes on Oct 22
09:27 Crude oil prices decrease following the growth
09:10 Baltic Dry Index as of October 21

2021 October 21

18:26 Mermaid contract awards in Thailand, Angola and Saudi Arabia total 120 million USD
18:02 Non-self-propelled dredgers of Project 4395 laid down in Gorodets for Russian IWW Basin Administrations
17:46 Magseis Fairfield enters strategic collaboration with PGS for the hybrid towed streamer and OBN market
17:31 HELCOM adopts the updated Baltic Sea Action Plan, charting a way forward for a healthy Baltic Sea
17:16 DP World launches CARGOES Logistics
16:30 Proman and Stena jointly develop methanol as the pathway to sustainable shipping
16:14 APM Terminals and ZPMC enter into strategic alliance
15:33 MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures
15:32 Okskaya Shipyard lays down lead ship of Project RSD71 for Volga Shipping Company
15:03 NYK and Japan Marine Science to introduce and promote new mooring system to Japan ports together with Trelleborg Marine Systems
14:45 MABUX: Bunker Weekly Outlook, Week 42, 2021
14:03 NYK delivers new LNG carrier LNG Endeavour to TotalEnergies
13:49 Global Ports Investments published its Q3 and 9m 2021 operational results
13:28 Seaspan Ferries to reduce greenhouse gas emissions through using carbon-neutral Renewable Natural Gas in LNG-powered vessels
13:18 Consolidated cargo turnover of NCSP Group for 8M 2021, year-over-year
12:34 Dmitry Pankov appointed as new CEO of Management Company Delo
12:11 Port of Los Angeles cargo volume exceeds 903,000 TEUs in September 2021
11:53 Hydrographic Company installs first buoys with AIS receivers on the Northern Sea Route
11:32 Challenges and optimism: Mixed views from ports industry on business outlook
11:09 DP World is officially named Port Operator of the Year at 2021 Multimodal Award
10:39 Yara Marine’s FuelOpt offers IMO EEXI compliant Shaft Power Limitation solution
10:08 The Ocean Cleanup starts removal of plastic from Great Pacific Garbage Patch with System 002
09:52 MABUX: Bunker prices may demonstrate slight upward changes on Oct 21
09:50 Contract signed for Phase 2 of the Bagayevsky hydrosystem construction project
09:35 Crude oil market sees downward price correction
09:18 LR Digital Twin approval for Samsung Heavy Industries
09:09 Baltic Dry Index as of October 20
08:01 Aker Solutions wins FEED for Wisting FPSO

2021 October 20

18:51 Intellian and Inmarsat launch industry’s newest FleetBroadband terminals
18:31 Oceangate’s 2021 titanic survey expedition connected by Inmarsat satellite communications
18:11 P&O Ferries launches comprehensive Customs Clearance Service
17:46 Kongsberg launches new Kognifai Marketplace
17:06 Rolls-Royce plans to partner the Indian Navy for its ‘Fleet of the Future’
16:35 MAN Energy Solutions signs MoU with Mitsui E&S and Mitsui O.S.K.
16:23 “K” LINE successfully separates and captures CO2 from exhaust gas in world’s first CO2 capture plant on vessel
16:02 Seanergy Maritime announces acquisition of its 17th Capesize vessel