DSME scores Novatek LNG order

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By Mirza Duran South Korea’s Daewoo Shipbuilding & Marine Engineering has won an order to build liquefied natural gas barges for Russian LNG producer Novatek.

Under the deal, Daweoo will build two 360,000-cbm LNG barges for about 901.3 billion won ($748.2 million) with an option for two additional units.

The floating LNG storage and transshipment units will serve Novatek’s planned projects in Murmansk and Kamchatka that the Russian company will develop with Japan’s Mitsui O.S.K. Lines.

The floating units will transship Yamal and Arctic 2 cargoes from ice-breaking LNG carriers to conventional ships.

These transshipment hubs will significantly reduce transportation costs and shipping time of Arctic

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