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Primorsk Shipping Corporation to build a gas carrier to participate in Sakhalin-2 project

The Primorsk Shipping Corporation (PRISCO), as part of the MOL/K Line/PRISCO consortium, has started building a carrier vessel to transport liquefied natural gas (LNG) to participate in the Sakhalin-2 project, the Corporation says.

The construction was begun in December 2006. Under the schedule, the gas carrier is to start operating in April 2008. The vessel is being built at a dockyard of Mitsui Engineering and Shipbuilding in Chiba (Japan).

In November 2004, the PRISCO, in cooperation with Japanese companies Mitsui O.S.K. Lines, Ltd (MOL) and Kawasaki Kisen Kaisha, Ltd (K Line) won the tender for the transportation of LNG. A contract covering a long-term time-charter of a gas carrier vessel was concluded between the MOL/K Line/PRISCO consortium and Sakhalin Energy Investment Company Ltd, the operator of the Sakhalin-2 project.

The PRISCO specializes in transporting oil and oil products. Its authorized capital totals RUB 796.32 mln and is split into 796392000 ordinary shares of RUB 1 par.

In 2006, the PRISCO started providing project services to Sakhalin-1.

© "AK&M"

One Response to “Primorsk Shipping Corporation to build a gas carrier to participate in Sakhalin-2 project”

  1. Tammie Fickas Says:

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