Home » Business » The Success of Russia’s Alternative Route to the Suez Canal: First LNG Shipment via the Northern Sea Route

The Success of Russia’s Alternative Route to the Suez Canal: First LNG Shipment via the Northern Sea Route

Russia announced the success of testing an alternative route to the Suez Canal, and delivering the first liquefied gas shipment through the North Sea, instead of the route taken by tankers via the Egyptian waterway.

The Russian gas giant Gazprom delivered the first shipment of liquefied natural gas via the Northern Sea Route in the Arctic to China on Thursday, according to what was seen by the specialized energy platform.

The journey of the first liquefied gas shipment via the alternative route to the Suez Canal took about a month after its departure from the Portovaya LNG terminal, located on the shores of the Baltic Sea, on August 14, according to ship tracking data from Refinitiv.

An alternative route to the Suez Canal

Moscow is looking at the route, which runs from Murmansk near Russia’s border with Norway east to the Bering Strait near Alaska, as an alternative to the Suez Canal.

Although this route represents a physical challenge, it may reduce shipping times between Europe and Asia at a time when Russia’s trade with Western countries has reached its lowest levels since the Cold War against the backdrop of the invasion of Ukraine.

Liquefied gas tanker – archive

According to the data, the Veliky Novgorod tanker was loaded with liquefied gas from the Portovaya LNG plant on the Baltic Sea in mid-August.

The tanker, which carried the first liquefied gas shipment via an alternative route to the Suez Canal, arrived in China, and is currently docked near the Tangshan Caofidian station in Hubei Province, according to the agency. Reuters.

The first liquefied gas shipment

LNG production at the Portovaya terminal, which has a production capacity of 1.5 million metric tons (2.07 billion cubic meters) per year, began in September 2022.

The station liquefies natural gas coming from the nearby Portovaya compressor station, which is part of Gazprom’s closed Nord Stream pipeline, and contains a liquefied gas tank with a capacity of 42 thousand cubic meters.

Gazprom LNG Portovaya, the operator of the station, said that the facility sends liquefied gas from the tank through a 4-kilometre-long pipeline – one of the longest deep-cooled pipelines in the world – to the floating storage unit.

Last May, the company operating the station announced the production of the first million tons (1.38 billion cubic metres) of liquefied gas since its launch in September 2022, according to information monitored by the energy platform, quoted from the “LNG Prime” platform. ).

The Pskov LNG tanker, owned by the Russian shipping company Sovcomflot, with a capacity of 170,000 cubic metres, loaded the first shipment in September 2022 from the floating storage unit of the LNG export project.

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2023-09-14 14:32:22
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