• 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 July 29

18:06 PGNiG terminates Port Arthur LNG agreement
17:54 FESCO, RZD Logistics and Nurminen Logistics launch regular intermodal service from Asia-Pacific countries to Finland via CPV
17:36 PGNiG Group expands its fleet of gas tankers
17:16 The Hebridean Princess returns to ABP’s Port of Cardiff
16:58 Okskaya Shipyard to build five tugboats of Project NE025 for Marine Rescue Service
16:42 Ever Given arrives to the port of Rotterdam
16:34 PGNiG to purchase more LNG from Venture Global LNG
16:17 Kalmar to deliver 12 straddle carriers to long-term partner Medcenter Container Terminal in Italy
15:56 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage
15:11 Railway traffic launched through the second Baikal tunnel
14:48 Rosmorport's Petropavlovsk Branch takes part in exercises on maritime search and rescue of people
13:59 The Maritime and Port Authority of Singapore forms Global Centre for Maritime Decarbonisation
13:15 Hydrographic Company to hold auction for construction of Arc7 hydrographic ship
12:37 Baltiysk ferry meets ISM Code requirements
12:13 Sembcorp Marine bags 24 Workplace Safety and Health Awards
11:46 Ongoing travel restrictions continue to impact Tallink Grupp financial results in Q2 2021
11:08 MARAD awards vessel acquisition management contract to Crowley
10:43 Rosmorport’s tugboats assisted sailing boat Pallada mooring in Egvekinot and Provideniya ports
10:08 Thun Tankers announces the launching of product tanker Thun Empower
10:00 British Ports Association welcomes the resumption of international cruise in England
09:35 Baltic Dry Index as of July 28
09:18 SCHOTTEL to deliver a total of ten rudder propellers and two transverse thrusters to Sanmar Shipyards
09:09 Crude oil prices rise on reduction of US reserves
08:00 Verifavia shipping highlights widespread confusion over EEXI technical parameters
07:55 Drewry launches shipmanager Steering Group to power vessel opex benchmarking

2021 July 28

18:20 NOVATEK announces consolidated IFRS results for Q2 and H1 of 2021
18:01 New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage
17:09 PSA & ONE team up to enhance sustainability and reduce maritime environmental footprint
16:28 ECSA and ETF welcome WHO decision to prioritise seafarers’ vaccination
16:03 Rosmorrechflot supports the International Conference “Development of Icebreaking and Support Fleet”
15:42 ERMA FIRST adds world’s smallest ballast water treatment system to product range
15:18 DCT Gdańsk and the Port of Gdańsk enter a new era of container handling on the Baltic Sea
14:51 Oleg Shakhmardanov appointed as head of FSBI Moscow Canal
14:10 MAN wins the world-first order for methanol engine within container segment
13:56 Amursky Shipyard should enter the APR markets – Prime Minister Mikhail Mishustin
13:14 Norcod finalizes transfer of 2.4 million fish into sea phase
12:55 Captain Guryev, rescue vessel of RF Navy's Black Sea Fleet passed the Suez Canal
12:32 Onezhsky Shipyard to get first federal tranche of RUB 1.3 billion for creation of ‘digital shipyard’ this year
12:13 DNV backs crew change programme in South East Asia
11:10 Firth of Forth proposed as Scotland’s Green Port
10:38 The Port of Gdansk welcoms the first cruise ship of the season
10:10 Andrey Severilov re-elected Chairman of the Board of Directors of FESCO
10:03 Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China
09:47 FESCO held repeated Annual General Meeting of Shareholders
09:28 Crude oil prices rise on reduction of US reserves
09:12 Baltic Dry Index as of July 28
09:05 Neal elected Long Beach Harbor Commission President
08:59 Seanergy announces delivery of one Capesize vessel and new bank loan facility

2021 July 27

18:34 Port of Kaohsiung wins International Association of Ports and Harbors (IAPH) 2021 Award
18:16 Port Houston launches business equity program
17:56 The UK’s most eastern port welcomes the maiden call of Noble Caledonia’s flagship vessel
17:36 ONE offers free transportation of oxygen tanks to India to fight the COVID-19
17:06 Pilbara Ports Authority launches its annual Recreational Vessel Safety Campaign
16:42 Carbon Trust to support BEIS in development and demonstration of innovative floating offshore wind technologies for the UK
16:14 Cargo Integrity Group calls for risk-based measures to prevent pest contamination
16:03 Passengers travelling via the Port of Helsinki should prepare for occasional congestion
15:33 APM Terminals Mobile targets Midwest supply chains
15:02 MOL jointly develops new energy-saving sail to boost ship propulsion
14:42 ICTSI South Pacific starts bulk coffee operations
14:24 GTT receives an order for the tank design of six new LNG carriers