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According to a report in Paris on June 3, 2021 by Natural Gas News, the recently renamed French energy giant Total Energy stated in Paris on June 3 that the company has signed an agreement with Russia’s second largest natural gas company Novatek to acquire A 10% stake in the Arctic Liquefied Natural Gas (LNG) transshipment company, which owns and will operate two LNG transshipment terminals in northern Russia.
At the same time, Novatek, as a partner, is preparing to launch its second largest LNG export project, the Arctic LNG-2 project in 2023.
Novatek plans to use its chartered icebreakers to export LNG to a transshipment center, and then load LNG onto conventional LNG carriers at the transshipment center, thereby limiting the use of ice-class tankers and reducing costs and carbon dioxide emissions.
Total Energy CEO Patrick Boyan said in a company statement: "These terminals mark an important step in the advancement and consolidation of the Arctic LNG-2 project.
These transshipment terminals are located in Murmansk and are used to transport LNG to the west, and to the Kamchatka Peninsula in the Far East to supply LNG to Asia.
Li Jun compiled from natural gas news
The original text is as follows:
TotalEnergies buys 10% of Arctic LNG trans-shipment operator
TotalEnergies, the newly named French energy major, said June 3 it had signed a deal with Novatek to acquire 10% of Arctic Transshipment, which owns and will operate 2 LNG trans-shipment terminals in Northern Russia.
It comes as Novatek, with the French company as a partner, prepares to start up its second major LNG export project, Arctic LNG 2, in 2023.
Novatek plans to use its chartered icebreaker fleet to export LNG to trans-shipment centers for loading onto conventional LNG tankers, limiting the use of ice-class tankers and so cutting costs and CO2 emissions.
"These terminals mark an important step in the advancement and consolidation of the Arctic LNG 2 project, and will contribute to the safe and sustainable export of cargoes from our existing and developing Yamal projects," TotalEnergies CEO Patrick Pouyanne said, according to a company statement released after the signing at the St.
The terminals are located at Murmansk for westward shipping, and Kamchatka in the Far East for supplies to Asia.
