Russia needs powerful icebreakers to enter Asia-Pacific LNG market
Russia needs new powerful icebreakers to enter the Asia-Pacific liquefied natural gas (LNG) market, something that only exists on paper at the moment, Director General of the Russian Rosatomflot company Vyacheslav Ruksha said at the Third International Conference ARCTIC 2018.
The development of Russia's icebreaker fleet is driven by LNG shipping. LNG will be transported from the newly launched Yamal LNG plant. It is also time to consider what we need to do for the Arctic LNG 2 project on the Gydan Peninsula, which is to go online by 2025. According to Vyacheslav Ruksha, Rosatom is looking to provide financing that will make Russian LNG competitive with US LNG.
"If we don't enter the LNG market in the Asia-Pacific region in the next 5 to 7 years, we are unlikely to ever enter it," said Ruksha.