03:16 GMT14 August 2020
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    2016 Eastern Economic Forum in Russia's Vladivostok (41)
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    Addressing a ceremony dedicated to the commissioning of phase 1 of the Zvezda Shipyard, Rosneft head Igor Sechin said South Korea’s Hyundai and Rosneft would sign a designing and engineering supervision contract at the Eastern Economic Forum to build the world’s first tankers burning natural-gas-based motor fuel at the shipyard.

    Pursuant to Russian President Vladimir Putin’s instructions, a Rosneft-Gazprombank joint venture, Modern Shipbuilding Technologies, is creating a Far Eastern industrial and shipbuilding cluster at the Far Eastern Shipbuilding and Ship Repair Center.

    Its centerpiece will be the Zvezda Shipyard in the city of Bolshoi Kamen.

    “On the sidelines of your talks with the South Korean president on September 3, a designing and engineering supervision contract will be signed with Hyundai to build the world’s first Green Aframax-class tankers burning natural-gas-based motor fuel at the Zvezda Shipyard,” Sechin told President Putin, who was attending the ceremony, adding that Hyundai would contribute the tanker design to the charter capital of its joint venture with Zvezda.

    Topic:
    2016 Eastern Economic Forum in Russia's Vladivostok (41)

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    Tags:
    Hyundai, Rosneft, Vladimir Putin, Igor Sechin, Russia
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