Sovcomflot and Shell in LNG alliance

Shell and Russian Sovcomflot has signed a General Cooperation Agreement – the two companies will cooperate in potential LNG shipping projects in Russia, including the Arctic region. The agreement includes, among other things, development of joint shipping solutions for natural gas fields on Yamal Peninsula and further improvement of LNG shipping technologies, including in difficult ice conditions, and development of floating storage and regasification units for gasification in remote regions of Russia.