Russia: TotalEnergies Acquires 10% of Arctic Transshipment LLC from Novatek
TotalEnergies
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TOT) has signed a Sale and Purchase Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia.
These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction, and will each initially include a 360,000 m
3 floating storage unit (FSU) and two ship-to-ship transfer kits (STS). They will allow for the transshipment of LNG from Arc7 ice class LNG carriers, which provide transport on the iced waters of the Arctic Ocean, to conventional LNG carriers, which take care of the remaining delivery. By limiting the use of Arc7 ice class LNG carriers, this optimization of the logistic reduces the costs and CO
TOTALENERGIES SE: Russia: TotalEnergies Acquires 10% of Arctic Transshipment LLC from Novatek
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TOT) has signed a Sale and Purchase Agreement (SPA) with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia.
These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction, and will each initially include a 360,000 m
3 floating storage unit (FSU) and two ship-to-ship transfer kits (STS). They will allow for the transshipment of LNG from Arc7 ice class LNG carriers, which provide transport on the iced waters of the Arctic Ocean, to conventional LNG carriers, which take care of the remaining delivery. By limiting the use of Arc7 ice class LNG carriers, this optimization of the logistic reduces the cos
and clean hydrogen & ammonia. We are very pleased to begin a new chapter in our cooperation with our long-standing strategic partner Novatek. Our two companies are joining forces to deliver sustainable solutions to reduce emissions from our LNG projects and to provide low carbon LNG to our customers,”
said Patrick Pouyanné, Chairman and CEO of TotalEnergies, on the occasion of his visit to the Saint Petersburg International Economic Forum. “In line with our transformation strategy and our ambition to be a major player in the energy transition, we want to be a leader in low-carbon LNG.”
TotalEnergies is a 19.4% shareholder in Novatek and holds a 20% stake in Yamal LNG, a project that started up in December 2017 and produced more than 18.8 million tons of LNG in 2020. The company also holds a 10% stake in Arctic LNG 2, a project currently under construction and on track to deliver its first LNG cargo in 2023.
Maritime Activity Reports, Inc.
(Photo: TotalEnergies)
TotalEnergies has signed a sale and purchase agreement with Novatek to acquire 10% of Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, which owns and will operate two liquefied natural gas (LNG) transshipment terminals being built in the Murmansk and Kamchatka regions of Russia.
These terminals will provide export logistics services, including to the Arctic LNG 2 project under construction, and will each initially include a 360,000 m3 floating storage unit (FSU) and two ship-to-ship transfer kits (STS). They will allow for the transshipment of LNG from Arc7 ice class LNG carriers, which provide transport on the iced waters of the Arctic Ocean, to conventional LNG carriers, which take care of the remaining delivery. By limiting the use of Arc7 ice class LNG carriers, this optimization of the logistic reduces the costs and CO2 emissions of the LNG transport.
Regulatory News: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TOT) and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO2 emission resulting