Expanding the long-term industrial business portfolio

Sovcomflot’s vessels are an important constituent element of large long-term oil and gas projects, many of which are implemented in challenging high-latitude climate and ice conditions. SCF Group is involved in servicing oil and gas projects in Russia and beyond, including: Yamal LNG; Arctic LNG 2; Sakhalin-1; Sakhalin-2; Varandey; Prirazlomnoye; Novy Port and Tangguh (Indonesia).

Increase in the share of contracted revenue from long-term contracts (US$ billion)
311.3 million tonnes
of crude oil and
100 million cubic metres of LNG
were transported by SCF’s tankers within industrial projects as at the end of 2020
Increase in the share of the industrial segmentThe industrial segment includes offshore services and gas transportation. The conventional segment includes transportation of crude oil and oil products and other services in time charter equivalent revenue (US$ million)
70 %
the expected share of the industrial segment in time charter equivalent revenue by 2025

Unique experience of participation in large-scale projects in challenging climate conditions