Arctic LNG 2, a joint venture of Novatek, and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 mn tons under the Arctic LNG 2 project.
According to Novatek, the contract terms provide for the launch of the first train of the project in 2023.
“The team, which implemented the unique Yamal LNG project in record time and on budget, has now joined an even larger and more innovative project,” noted Leonid Mikhelson Chairman of the Novatek Management Board. “We are confident that the accumulated experience of mutual cooperation on the construction of LNG plants in the Arctic zone will also ensure the successful and timely implementation of our new project Arctic LNG 2”.
Arctic LNG 2 is Novatek’s second LNG production project after Yamal LNG. The plant will consist of three trains. The first of them is to be launched in 2022-2023, two more are to be added in 2024 and 2025.
The resource base for the project is the Utrenneye field in the Yamal-Nenets Autonomous region. As of December 31, 2018, the proved and probable reserves of the field were estimated to make 1,138 bn cub m of natural gas and 57 mn tons of liquid hydrocarbons according to PRMS standards.