• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 4 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 4 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 1 hour Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 3 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 7 hours Is $60/Bbl WTI still considered a break even for Shale Oil
  • 9 hours Asia Oil Refiners Mull Run Cuts With Margins At 16 yrs. Low For Season
  • 9 hours IMO2020 To scrub or not to scrub
  • 9 hours IMO 2020 could create fierce competition for scarce water resources
  • 7 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 1 hour Apple Boycott in China
  • 4 hours Prosecutors Fine Bosch 90 Million Euros For Emissions Cheating Role
  • 7 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 7 hours Why is Strait of Hormuz the World's Most Important Oil Artery
Libyan Oil Industry Stable Despite ISIS Return

Libyan Oil Industry Stable Despite ISIS Return

Libya’s oil industry reported its…

Oil Stabilizes Ahead Of Weekly Inventory Data

Oil Stabilizes Ahead Of Weekly Inventory Data

Oil prices held steady on…

Climate Change Opens Up Shorter Arctic Passage For LNG

Arctic

The Cristophe de Margerie, an LNG carrier commissioned by French Total, has become the first tanker to pass the Arctic unaided and is now en route to its destination in Asia, the South Korean port of Boryeong, Total said as quoted by AFP.

The route via the Bering Strait in the Arctic is 15 days—or 50 percent—shorter than the traditional route for tankers through the Suez Canal, but until recently it was impossible to make the journey without aid from other vessels.

Now, climate change has melted some of the ice, making the shorter journey possible without the need for icebreaker escort.

Christophe de Margerie, named after the previous chief executive of the French company, who died in a plane crash three years ago, is the first of a fleet of 15 LNG carriers that will carry gas extracted in Yamal, in northwestern Siberia, to Asia via the Northern route. The vessel was inaugurated on July 27, Total said, at the Snohvit LNG terminal in Norway, where the French company is a minority shareholder.

In the inauguration press release, Total said that the design of the vessel also had a lot to do with its ability to go via the Northern route without help from icebreakers.

The carriers were specifically developed to carry gas from the Yamal LNG project, which processes natural gas from the South Tambey field. As part of the project, Total and its partners are also building the Sabetta port, which the French company said will eventually see shipments of 16.5 million tons of LNG annually.

Related: Oil Rises, But Saudis Face Daunting Dilemma

The Yamal LNG project is majority owned by Russia’s biggest independent gas producer Novatek, with 50.1 percent, Total, with 20 percent, China’s CNPC, also with 20 percent, and Another Chinese entity, Silk Road Fund, with 9.9 percent.

The South Tambey field has proven and probable reserves estimated at 926 billion cu m.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Dan on August 18 2017 said:
    Climate Change or Climate Cycles?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News