The RF Government has issued a decree expanding the territory of the sea port Sabetta in order to provide for the construction of a new LNG plant and terminal.
The new facility will be used for producing and loading liquefied natural gas and condensed gas sourced from the Salmanovsky (Utrennee) gas field on the Gydan Peninsula.
The projected capacity is 19.8 mn tons of LNG and 1.8 mn tons of condensed gas.
Today, Novatek announced the first agreement for LNG from Arctic LNG 2 signed between its subsidiary Novatek Gas&Power Asia and Vitol.
The contract will provide for the annual sale of 1 mn tons of LNG from Arctic LNG 2 and other Novatek’s projects during 15 years.
The LNG plant that will work on gas produced at the Salmanovsky (Utrennee) field will consist of three trains, the first of them to be launched in 2022-23, and the remaining two in 2024 and 2025.
As of December 31, 2018, the aggregate gas reserves, both proved and probable, were assessed as 1,138bn cbm of natural gas and 57 mn tons of liquid hydrocarbons.