USC creates a joint venture with South Korea’s STX for the construction of a new generation of LNG carriers

 

State United Shipbuilding Corporation at SPIEF-2012 signed on Friday with the South Korean STX agreement providing for the joint construction of a new generation of LNG facilities on Novoadmiralteyskoy shipyard, which the two companies intend to establish in St. Petersburg, said on Saturday the press service of USC.

The new shipyard will be built in Kronstadt at the island Kotlin. Investment is estimated at 60 billion rubles. The agreement to establish a joint venture for the construction of the shipyard USC and STX signed a year ago, also at the St. Petersburg International Economic Forum. The share of Russian companies in the joint venture is 75%, South Korea — 25%.

Russian-Korean joint venture will be engaged in the construction of a new generation of LNG facilities on Novoadmiralteyskoy shipyard to meet the needs in the transportation of liquefied natural gas from fields in the Russian Arctic and sub-Arctic shelf, according to USC.

"The agreement signed Western Center of Shipbuilding (" daughter "USC) and the shipyard STX Offshore &Shipbuilding, also provides for the transfer of technology to the construction of LNG carriers, the design of a modern complex large-scale shipbuilding and training at the facilities of STX Engineering and design and production staff of USC," — said in a press release.

It is planned that Novoadmiralteyskaya shipyard, in addition to LNG, will produce arctic tankers and icebreakers, and it will work in 2015.

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