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MOL VladSABETTA PORT, Russia: April 02, 2018. The first LNG loading of the 172,600 cubic meters capacity ice-breaking carrier Vladimir Rusanov has been completed at Sabetta Port on the Yamal Peninsula.

The vessel is the first of three newbuilds for Mitsui O.S.K. Lines (MOL) and China COSCO Shipping and will operate under a long-term charter contract to transport LNG from the Yamal LNG project via the Northern Sea Route to Asia.

The second and the third vessels being built by Daewoo Shipbuilding & Marine Engineering for the two carriers will be delivered in September 2018 and 2019 respectively.

MOL expects global demand for LNG will increase at an annual rate of five percent over the next 10 years with growing demand from China, India and Southeast Asia.

According to an assessment by the U.S. Geological Survey, the Arctic holds an estimated 13 percent of the world's undiscovered oil and 30 percent of its natural gas. The Yamal LNG project holds a reported 55 trillion cubic meters.

A year ago the world's first ice-breaking LNG tanker, named after former Total head Christophe de Margerie, berthed at Sabetta Port following sea trials.

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