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India receives first Russian LNG cargo transiting North Sea 40% shorter than the Suez Canal Road

  • 03 November, 2021
  • 3:08 pm EET

India has received the first shipment of Russian liquefied natural gas transported through the Northern Sea Route, according to the “Energy Voice” website, quoting Gazprom.

The LNG cargo, carried by the Marshall Vasilevsky vessel, is one of the cargoes included in a long-term contract between Russia’s Gazprom and India’s Gale.

 

Sailing Start

The ship, which transported the LNG cargo, began sailing on September 23 from the Russian port of Sapta, heading towards the Indian port of Dabhol, passing through several ports in Singapore and Colombo.

“We are pleased to contribute to the development of the North Sea Route… Today this route has become a major component of the global gas trading system and has a promising future in it,” said Gazprom’s Deputy Director General for Liquefied Gas Exports and Petroleum Products, Sergey Sakharov.

In early September, Indian Prime Minister Narendra Modi pledged to help Russia develop the Northern Sea Route, to become one of the arteries of global trade, during his participation in a video speech at East Asian Economic Forum.

 

Development Of The North Sea Route

Russia hopes to develop the Northern Sea Route. The Russian Foreign Ministry official, Nikolai Korshunov, told Sputnik in June, the importance of developing alternative global transport routes.

He added that the North Sea Route is 40% shorter than the transportation route through the Egyptian Suez Canal, and it has a number of advantages, as its shorter length allows reducing the cost of fuel, as well as shortening the time.

Marshal Vasilevsky is the only Russian floating storage and regasification unit, capable of navigating in ice up to 0.8 meters thick, owned by Gazprom Float, leased by Gazprom Export, and technically responsible by Sofkomflot.

 

SOURCE :  ATTAQQA

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