Принято инвестиционное решение по «Арктик СПГ 2»

Final Investment Decision Made on Arctic LNG 2 Project

  • On September 5, Novatek announced at the Eastern Economic Forum in Vladivostok that the participants of Arctic LNG 2 approved a final investment decision for the project.

    Arctic LNG 2 project consists of development of the Utrenneye field and the construction of a natural gas liquefaction plant on the Gydan Peninsula in the Russian Arctic region. Participation in the project also provides for long-term LNG offtake by all the participants in proportion to their respective ownership interests.

    The LNG plant will consist of three liquefaction trains with overall production capacity of 19.8 mn tons per annum. The launch of LNG train No1 is scheduled for 2023, with LNG trains No2 and No3 to be launched in 2024 and 2026 respectively. Capital expenditures to launch the project at a full capacity is estimated at $21.3 bn equivalent.

    Arctic LNG 2 employs an innovative concept using gravity-based structures (GBS) and provides for localizing the majority of equipment manufacturing and materials fabrication in Russia. GBS construction, assembly and installation of LNG modules will be performed at Novatek-Murmansk’s LNG Construction Center located near Belokamenka in the Murmansk Region.

    A consortium of TechnipFMC, Saipem and NIPIGAS (Russia) was awarded the contract on engineering, procurement and construction of the LNG plant (EPC contract), with the design and construction of gravity-based structures to be built by the Russian company SAREN, a joint venture of RHI Russia and Saipem.

    As of today, more than 90% of long-lead items (including cryogenic heat exchangers, gas turbines, and the compressors for the liquefaction trains) have been ordered. Drilling of production wells, construction of roads and the field’s production infrastructure have been commenced.

    The Arctic LNG 2 project is based on the hydrocarbon resources of the Utrenneye field. As of 31 December 2018, the Utrenneye field’s 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids. Under the Russian classification reserves totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license.

    The Project participants include Novatek (60%), Total (10%), CNPC (10%), CNOOC Limited (10%) and the Japan Arctic LNG, consortium of Mitsui & Co and JOGMEC (10%).


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