The agreement also provides further improvement of LNG shipping technologies, including in difficult ice conditions, and development of floating storage and regasification units for gasification in remote regions of Russia.
According to Sergey Frank, Sovcomflot’s chief executive officer, “The signed agreement allows combining Shell’s profound experience in the production and the transportation of liquefied natural gas with Sovcomflot’s knowledge and technical potential in delivering cargos by sea in harsh ice conditions of the Arctic and Far-Eastern seas. This long-term international project is aimed at working out highly effective and ecologically safe transportation and logistical solutions for Russia’s future oil and gas projects implemented in the offshore fields of the Arctic.”
Jan Kopernicki, Shell’s vice president for shipping said, “Shell and Sovcomflot have for some time worked together on LNG seafarer training and through the development of the Sakhalin II project. The signing of these agreements builds on this and allows us to share our respective skills in LNG and Arctic shipping to support future Russian LNG projects.
Alongside general cooperation agreement, the companies signed time-charter agreements for Sovcomflot’s Aframax type oil tankers to ship Shell’s crude from North West Europe and the Mediterranean.
