More than $4.2bn-worth of LNG carriers and floating storage units for Russian LNG business remain under construction at shipyards despite wide-ranging international sanctions that have stopped construction on other LNG-related units for Russia.
The vessels comprise 19 LNG carriers — the hulls of three of which have been delivered to Russia’s Zvezda Shipbuilding Complex — and two supersize FSUs.
The LNG ships are being built to serve the Novatek-led Arctic LNG 2 project, which was originally due to start-up this year but has been delayed by 12 months.
