Dynamics of investments
With due regard for SCF Group’s strategic priorities, the Investment Programme chiefly focuses on the implementation of high-yield industrial projects in the field of liquefied gas transportation and the servicing of offshore hydrocarbon fields. In 2019 most investments were directed to these segments. Investments were also made in the repair and modernisation of the existing fleet of the Group.
In 2019 investment projects financing amounted to US$ 352 million, which is 7.2 % less than in 2018.
|Client / project||Target||Number of vessels||Implementation stage (as of 31 December 2019)|
|PAO NOVATEK||Construction of LNG-fuelled MR tankers||3||The vessels are under constructionThe vessels were ordered by a VEB Leasing Group company and are to be subsequently transferred to SCF Group for operation after completion of construction.|
|Exxon Neftegas Limited / Sakhalin-1||Construction of Aframax shuttle tankers||2||The vessels are under construction|
|PAO NK Rosneft||Construction of dual-fuel Aframax tankers||2||The vessels are under constructionThe vessels were ordered by a VEB Leasing Group company and are to be subsequently transferred to SCF Group for operation after completion of construction.|
|PAO NOVATEK / Arctic LNG 2||Construction of Yamalmax Arctic LNG carriers||5||The vessels are under constructionThe vessels were ordered by a VEB Leasing Group company, with one vessel to be transferred for operation to SCF Group and four to SMART LNG, a joint venture of PAO Sovcomflot and PAO NOVATEK after completion of construction. The shipbuilding contracts for the construction of vessels for SMART LNG concluded in 2019 entered into force after the end of the reporting period.|
|Shell||Construction of Atlanticmax LNG carriers||2||The vessels are under construction|
|Total||Construction of an Atlanticmax LNG carrier||1|| The vessel is under |
|ShellSovcomflot Group and Shell entered into long-time charter contracts for two vessels of the series in 2018. The other four vessels of the series (three of which joined the fleet in 2019) are operating in the open market.||Construction of dual-fuel Aframax tankers||2+4||The vessels were put into operation in 2018-2019|
|Gazprom Neft / Novy Port||Construction of an MR Arctic shuttle tanker||1||The vessel has been put into service|