Teekay LNG is moving forward the delivery date for four ice-classed LNG carriers destined to serve Russia's Yamal LNG project.
Delivery dates for the Arc7 LNG carriers Nikolay Yevgenov, Vladimir Voronin, Georgiy Ushakov and Yakov Gakkel have been moved three to five months ahead of schedule, the LNG major said in its quarterly report.
New delivery dates are set for June, August, October and November, respectively.
Teekay said the deliveries, combined with a strong LNG market, had increased its earnings expectations by US$80M for the months ahead.
The group has a 50% share in the four 172,000-m3 vessels that are capable of cutting through Arctic ice without the aid of an icebreaking escort vessel. The Novatek-run Yamal LNG project currently operates seven Arc7 LNG carriers and plans to increase that number to 15 over time.
With two trains now in operation, Yamal is producing LNG at a rate close to 1M tonnes per month. Evidence of the rapidly rising production rate is given by the fact that the terminal loaded its 4 millionth tonne of LNG in late August.
Construction of Train No 3 is also running ahead of schedule and is set to be operational early in 2019. Train No 4 is due to begin producing LNG cargoes late next year.
The Yamal LNG plant at Sabetta on Ob Bay commenced operations in December 2017 when the inaugural cargo from the first of four liquefaction trains at the facility was dispatched. Christophe de Margerie, the first of 15 Arc7 ice-class carriers being built for the project, also carried that historic cargo.
Yamal is being provided with three trains of 5.5M mta capacity each and a fourth unit of 0.9 mta. The fourth train will utilise a new liquefaction technology developed by Novatek and the Yamal installation will serve as a testing ground for the concept prior to its larger-scale application in Arctic LNG 2, a second LNG export project the company is planning for Ob Bay.
The second of Yamal’s three 5.5 mta trains loaded its first cargo in August 2018, several months ahead of the scheduled start date.