Page 12 - GLNG Week 40 2021

GLNG NEWS IN BRIEF GLNG

NTVK’s Arctic projects in Russia’s Murmansk
and Kamchatka regions. LNG shipments will
be made to final buyers in Europe and Asia,
as well as to regular trade operations around
the world. The companies did not disclose
the project’s potential capex,” Sova Capital
commented on October 5.
The analysts at Sova see the deal as long-
We look forward to taking delivery of its production complex there, the company term positive for Sovcomflot shares, as it
three further newbuild vessels from SOE reported on October 4. The group is also suggests that the company is sticking to its
over the remainder of 2021 and early 2022. switching its mining machinery to run on plan to expand its highly marginal and stable
Avenir remains firmly on track to becoming LNG rather than fuel oil. industrial segment. Sova Capital reiterated a
one of the leading small-scale LNG suppliers The RBC newspaper estimates that the Buy rating on Sovcomflot shares.
globally. company would need to build a 20,000 tonne
AVENIR LNG, October 08, 2021 per year LNG plant at a cost of RUB2bn
($27.6mn) in order to fully cover its needs. Navigator Gas and Northern
Lithuania’s KN posts 25% Its use would bring about a 20% drop in CO2 Marine prepare seafarers
emissions.
drop in nine-month revenue PhosAgro, which produces fertilisers and for future fuels
Like other energy-intensive industries,
to €44mn phosphates, is under investor pressure to Navigator Holdings, a leading provider of
reduce its emissions. Other players in its field
Lithuania’s state-run oil product and LNG are doing the same. For example, Morocco’s seaborne transportation and distribution of
terminals operator Klaipedos Nafta (KN) OCP, the world’s largest phosphate producer, liquified gases, is delighted to announce a
announced on October 7 it saw its revenue is considering switching its mining transport seafarer training collaboration with Northern
for January-September fall by 24.8% y/y to to run on either hydrogen or electricity. It also Marine Group (“Northern Marine”) which
€44mn. wants to use renewables to power its facilities. will prepare RO-PAX ferry officers to operate
Monthly revenue for September dropped PhosAgro is still studying the economic gas-fuelled vessels of the future.
by 25% from a year earlier to €4.8mn, the feasibility of the project, and is yet to take a To obtain their certification to operate
company said in a statement to the Nasdaq final investment decision (FID). Three years LNG-fuelled ferry vessels, the Northern
Vilnius Stock Exchange. ago the company also partially converted its Marine officers are experiencing working life
Revenue from Klaipedos Nafta’s oil Rasvumchorrsky mine to run on LNG. onboard Navigator Gas’s 37,500 cbm ethylene
handling operations slumped down by 34.9% capable gas carrier Navigator Aurora.
in the nine months y/y to €15.5mn, with The ethylene/LPG carrier vessel provides
revenue for September alone down by 46.2% Russian gas major Novatek an environment where the officers can gain
to €1.4mn. their 30-day sea time working with a low-
The LNG terminal’s revenue declined by signs off four new tankers flashpoint fuel by shadowing officers onboard.
18.7% to €26.6mn in the nine months y/y and As one of the officers currently onboard
by 11.1% to €3.2mn in September alone. with Sovcomflot the Navigator Aurora, Chief Engineer Dawid
“Lower revenue was affected by both lower Jaroszewski is benefiting from the training
regasification volumes, compared to the same Private Russian gas major and liquefied collaboration by learning from the vessel’s
period last year, and proportionate reduction natural gas (LNG) leader Novatek has signed engineers.
of the security supplement in 2021,” the long-term time-charter contracts with state- He said: “I have only been onboard for a
company said. controlled maritime Sovcomflot (SCF) for few days but already I am learning a lot about
The state owns 72.47% of shares in 50:50 joint venture for four new 174,000-cubic the operation of dual fuel powered devices, as
Klaipedos Nafta, which is quoted on the metre LNG carrier tankers, Sovcomflot well as the bunkering and operations process.
blue-chip Main List of the Nasdaq Vilnius announced on October 5. “I have taken time to familiarise myself
Stock Exchange, and Achemos Grupe holds a The new LNG carriers are slated to be built with the ship and gas-powered equipment,
10.43% stake. by Samsung Heavy Industries and delivered in main engine power system and auxiliary
2023-24. units, as well as procedures from HFO/MDO
The investment case of Sovcomflot to gas and vice versa.
Russian phosphate deteriorated with the decline in the leasing participate in the inspection of type-C tanks
“I have also had the opportunity to
rates for conventional tankers, following a
producer PhosAgro plans long-awaited privatisation in October 2020. on board the gas tank and the pump feeding
However, SCF is expected to be supported by
from the tank to the system.
small-scale LNG plant to co-operation with Novatek. devoting time to explain all the aspects that
“I am grateful to the engineers who are
For Novatek, the development of
power facilities transportation capabilities such as are of interest to me. Every day I am gaining
transshipment units, terminals and tankers is
new experiences.”
Russian chemicals group PhosAgro plans the backbone of its LNG growth strategy. NAVIGATOR HOLDINGS, October 05, 2021
to build an LNG plant in Russia’s north- “The new gas carriers will load cargoes
west Murmansk region to supply heat to from two floating storage units (FSU) at

P12 www. NEWSBASE .com Week 40 08•October•2021