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Major players in Russian billion-dollar LNG project

Korean DSME set to built ice-class LNG vessels for a collaboration between Teekay LNG and China LNG, which will sail on the Russian billion-dollar LNG project, for a total of USD 2.1 billion.

Photo: Marinvest

The ships for the billion-dollar Russian LNG project Yamal are now being ordered, and Teekay LNG and China LNG now confirm that they have formed a collaboration to order six ice-class LNG vessels for a total of USD 2.1 billion from Korean Daewoo Shipbuilding and Marine Engineering (DSME), according to Seatrade Global.

The six ships have a size of 172,000 cubic meters, and the deal comes in the wake of Mitsui OSK Lines (MOL) and China Shipping's order for three LNG ships for the Yamal project from DSME. According to Seatrade Global, 16 slots for newbuildings were reserved last August for the major Russian project, but the actual price and carriers involved have not been made public till now.

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