GM&T signs long-term time charter agreement with Sakhalin Energy

abarrelfullabarrelfull wrote on 29 Apr 2014 07:04

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At a ceremony held in Yuzhno-Sakhalinsk, Gazprom Marketing & Trading (GM&T) and Sakhalin Energy Investment Company Ltd (Sakhalin Energy) signed a time charter agreement for the provision of an LNG vessel. The duration of the contract is 13 years.

This modern LNG carrier with cargo capacity of 149,700 cubic meters is chartered by GM&T from Dynagas (Greece) and is currently trading under the name of ‘Clean Force’. She will be renamed ‘Amur River’ prior to the start of her charter to Sakhalin Energy in July 2015. She is fully winterised and has 1A FS ice class notation, allowing her to operate in ice conditions for year-round LNG shipments from the Sakhalin Energy terminal at Prigorodnoye.

The crew of ‘Amur River’ includes a significant number of Russian seafarers, as well as cadets from the Admiral Makarov State University of Maritime and Inland Shipping (SUMIS) in St. Petersburg, Russia with which GM&T and Dynagas maintain a strong partnership.

Mr. Nikolai Grigoriev, Managing Director, Shipping & Logistics, GM&T said, “GM&T has a long history of collaboration with Sakhalin Energy through the LNG supply agreement between the companies and several LNG vessels chartered by GM&T to Sakhalin Energy since 2010. We are honoured to have been awarded this long-term contract that furthers this well-established relationship between the two companies. GM&T currently has on charter the largest ice class LNG fleet in the world and we are confident we can be a valued partner of Sakhalin Energy in delivering LNG securely to customers.

“We are also very pleased to note that, in line with the Gazprom Group’s LNG Strategy, the growth in our LNG fleet provides additional opportunities for the training and employment of Russian seafarers on these highly specialised vessels,” he added.

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