Saudi Arabia, Japan Discuss Expansion of Investment Opportunities in Digital Field

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met on Saturday in Jeddah with the Japanese Minister for Digital Transformation, Taro Kono. SPA
Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met on Saturday in Jeddah with the Japanese Minister for Digital Transformation, Taro Kono. SPA
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Saudi Arabia, Japan Discuss Expansion of Investment Opportunities in Digital Field

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met on Saturday in Jeddah with the Japanese Minister for Digital Transformation, Taro Kono. SPA
Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met on Saturday in Jeddah with the Japanese Minister for Digital Transformation, Taro Kono. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met on Saturday in Jeddah with the Japanese Minister for Digital Transformation, Taro Kono, and his accompanying delegation.

Al-Swaha discussed with the Japanese Minister the expansion of investment opportunities in the digital field between the two countries to support the growth of the digital economy and innovation.

They also reviewed achievements in several digital projects and joint initiatives within the Saudi and Japanese Vision 2030, accelerating the adoption of modern technologies in digital government services.

Additionally, they discussed localizing research and development centers and fostering partnerships between the two friendly nations to develop capabilities and build an economy based on technology and innovation.



Russia’s First Ice-Class LNG Carrier Enters Sea Trials, Data Shows

A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. (Reuters)
A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. (Reuters)
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Russia’s First Ice-Class LNG Carrier Enters Sea Trials, Data Shows

A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. (Reuters)
A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022. (Reuters)

The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia's efforts to raise global LNG market share despite US sanctions.

The tanker, named Alexey Kosygin after a Soviet statesman, was built at the Zvezda shipyard and is due to join the fleet of vessels for Russia's new Arctic LNG 2 plant, which has been delayed because of the US sanctions over the conflict in Ukraine.

The US Treasury has also placed sanctions on the new vessel, which Russia's leading tanker group Sovcomflot ordered to be built at Zvezda, Russia's most advanced shipbuilding yard. LSEG ship-tracking data shows it is anchored near the Pacific port of Vladivostok.

Sovcomflot has not replied to a request for comment.

Novatek, which owns 60% of Arctic LNG 2, has said 15 Arc7 ice-class tankers that are able to cut through two meter (6.5 ft) thick ice to transport LNG from Arctic projects, will be built at Zvezda shipyard.

According to a source familiar with the matter, Novatek shut down commercial operations at the first and only operational train of its Arctic LNG 2 project in October with no plans to restart it during winter.

Ice-class tankers usually have double hulls - strengthened structures to withstand the pressure of ice - and reinforced propellers.

So far, only three suitable gas tankers have been built for Arctic LNG 2, according to public information: the Alexey Kosygin, Pyotr Stolypin and Sergei Witte vessels.

Six more Arc7 tankers were due to be built by Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering, including three for Sovcomflot and three for Japan's Mitsui O.S.K. Lines.

However, the three tankers ordered by Sovcomflot were cancelled due to the sanctions against Russia, Hanwha said last year in regulatory filings.