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Sovcomflot orders first vessel for Arctic LNG project

Russian state-owned Sovcomflot and a Russian financial institute have signed a contract for the first LNG ice-breaker that will sail for major project Arctic LNG 2.

Photo: PR/Sovcomflot

Russian state-owned tanker shipping company Sovcomflot has secured financing and work for the first LNG ice-breaker to sail for natural gas project Arctic LNG 2, writes Sovcomflot in a press release.

The shipping line has entered a financing agreement with Russian financial development institution VEB.RF Group on the vessel, which is to be built at shipyard Zvezda Shipbuilding Complex in Russia. Sovcomflot has also signed a charter agreement with company Novatek Group, initiator of the project, on operating the ship.

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