Joint venture LNG-fuelled icebreaker fleet

The agreement between Novatek and Rosatom will support Novatek’s Arctic projects in frozen areas along the Northern Sea Route, as well as building port fleet and supply vessels.

“We already have successful experience of working with ROSATOM providing ice-breaker support for the LNG carriers of our “Yamal LNG” project,” said Leonid Mikhelson, Novatek’s chairman of the management board.

“This agreement will facilitate the further development of an icebreaking fleet and support the growth of cargo traffic along the Northern Sea Route that is very important for our company and for Russia’s economy as a whole.”

Gas supply

PAO Novatek is one of the largest independent natural gas producers in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons.

The company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production.

The Yamal LNG project consists of construction of an LNG plant with an output capacity of around 16.5 million tonnes per year, using the South Tambey Field as a resource base.

Extensive transportation infrastructure is being built in the scope of the project, including a sea port and the Sabetta Airport.