News

6 June 2011

GAZPROM GLOBAL LNG SIGNS TIME CHARTER AGREEMENTS WITH SOVCOMFLOT FOR TWO STATE-OF-THE-ART LNG SHIPS

  • Gazprom Global LNG will take delivery of the vessels in 2013 - 2014.
  • Continues the growth of Gazprom Global LNG in the LNG ship chartering sector.
  • Strengthens Gazprom Global LNG’s position as a reliable buyer and supplier of LNG with existing and future customers.

Gazprom Global LNG (GGLNG) is pleased to announce the signing of 15-year time charter agreements for two state-of-the-art liquefied natural gas (LNG) carriers with Sovcomflot.

The two LNG carriers will be built by STX Offshore & Shipbuilding in South Korea and are scheduled for delivery in the 4th quarter of 2013 and the 2nd quarter of 2014 respectively. The vessels will be state-of-the-art and highly efficient with ice-class and winterisation, tri-fuel diesel electric propulsion and a strengthened membrane containment system, each with a capacity of approximately 170,000 cubic metres. The vessels will join the GGLNG’s fleet of chartered LNG vessels which support its growing global portfolio of supply and purchase LNG agreements.

The vessels will be built with the participation of JSC “United Shipbuilding Corporation” of Russia and will involve Russian suppliers of materials, machinery and equipment. They will be classed by the Russian Maritime Register of Shipping (on a dual class basis with the Lloyd’s Register) and have 100% Russian officers and crew. A development scheme with the Admiral Makarov State Maritime Academy in St. Petersburg, Russia will be put in place to provide training for the seafarers who will operate these vessels.

Frédéric Barnaud, Executive Director, Gazprom Marketing &Trading and Managing Director, GGLNG said: "The addition of two highly sophisticated LNG vessels to our chartered fleet in 2013-14 will be a very important step towards the implementation of the Gazprom's growth strategy across the entire LNG value chain. It will ensure the long-term security and efficiency of LNG transportation which will complement our discussions with LNG suppliers and customers worldwide.”

Nikolai Grigoriev, Director of Global Shipping & Logistics, GGLNG added: “We are particularly delighted to have this opportunity to develop a long-term relationship with Sovcomflot, the world’s leading gas, oil and product tanker owner and operator based in Russia. Our partnership with Sovcomflot will not only provide GGLNG with a high quality and competitive shipping services, but will also support the implementation of various strategic Russian content initiatives in shipbuilding and design, LNG expertise development and training and job generation in the Russian Federation.”

Sergei Frank, Director General of Sovcomflot, added that: "This project is the culmination of a lot of hard work by our experts. We succeeded in offering the more competitive and innovative solution to GGLNG; a unique technical design of the ships and the inclusion of the Russian shipbuilding industry.


This contract is a logical next step in the close-working partnership between Sovcomflot and Gazprom and we are ready to continue offering solutions to customers in Russia and abroad to ensure high efficiency, reliability and the environmental safety of maritime transport ".

Contacts
Simon Garcia
Gazprom Marketing and Trading Communications
communications@gazprom-mt.com
+44 20 7756 0000

Ketchum Pleon
Paddy Blewer Tel.       +44 20 7611 3588
Anastasia Ivanova Tel. +44 20 7611 3669
Ed O’Brien Tel.           +44 207 611 3567


About Gazprom Global LNG (GGLNG)

Headquartered in London, GGLNG develops and implements Gazprom’s global LNG business strategy and vision through increasing its long and medium-term LNG supply and shipping portfolio, entering new markets (including those inaccessible by pipeline gas), introducing new products and services and establishing relationships with new suppliers and customers.

GGLNG has extensively developed its commercial activities and portfolio across the world and in particular in Asia, through Gazprom Marketing & Trading Singapore Pte Limited, its Singapore-based affiliate. GGLNG now ranks among the most active LNG traders and charterers in the region.


Further Information
Visit: www.gazprom-mt.com
Or: http://www.gazprom-mt.com/WhatWeDo/LiquifiedNaturalGas/Pages/default.aspx
 

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