Gazprom delivers its first LNG via Northern Sea Route
Gazprom delivers its first LNG via Northern Sea Route - Offshore Energy
Gazprom delivers its first LNG via Northern Sea Route
Russia’s Gazprom has announced that its own-produced shipment of liquefied natural gas (LNG) at the complex near the Portovaya CS was completely unloaded from the Velikiy Novgorod LNG tanker at the Tangshan LNG import terminal in China.
Gazprom noted it was the first time its own-produced LNG was delivered via the Northern Sea Route, adding that the use of this route ‘significantly’ reduces the time required for LNG shipments to be delivered to the Asia-Pacific region.
To remind, Gazprom’s complex for LNG production, storage and shipment near the Portovaya CS was launched in September 2022.
Its design capacity, according to Gazprom, is 1.5 million tons of LNG per year, and the facility produced its first million tons of LNG in May 2023.
The presence of such production capacities on the coast of the Baltic Sea is said to have considerably strengthened the energy security of the Kaliningrad Region.
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.