According to a document posted on the website of Russia’s register of legal entities, the new firm’s name is North Engineering (Severny Inzhiniring).
Novatek formed the new Moscow-based entity in late March.
The document shows that the unit’s main activities will be the construction of ships and floating structures, along with additional engineering-related activities.
Novatek appointed Ilya Lushchikov as the CEO of the new unit. He currently leads Novatek’s planned Murmansk LNG project.
The Russian LNG exporter operates the 17.4 mtpa Yamal LNG plant in Sabetta and the Arctic LNG-2 export plant, which was the first to be hit by US and EU sanctions.
Novatek also operates the sanctioned mid-scale LNG plant in Russia’s Baltic Sea port of Vysotsk with a capacity of more than 660,000 tons of LNG per year.
Western sanctions have severely impacted Novatek’s efforts to ship volumes from its Arctic LNG projects.
In February, the first Russian-built ice-class LNG carrier Aleksey Kosygin, which serves the Novatek-operated Arctic LNG 2 project, completed its maiden voyage, according to Sovcomflot.
In December last year, Russia’s Zvezda, located in Primorsky Krai, delivered this ice-class Arc7 172,600-cbm LNG carrier to Sovcomflot.
Sovcomflot said that the vessel is the flagship of a new generation of Arctic transport fleet.
It was developed as a continuation of the Christophe de Margerie series of vessels, taking into account the unique experience of their operation in difficult climatic conditions, it said.
