international magazine
25-11-2016 20:43


THE HEAD OF NOVATEK OUTLINED PARAMETERS OF ARCTIC LNG-2 PROJECT



Novatek’s new LNG Plant - Arctic LNG – 2 - will produce 12 to 16mn t of liquefied natural gas per year, head of Russia's largest independent gas producer company Leonid Mikhelson in an interview to the leading Japanese business daily Nikkei.



The project is penciled to be launched in the 2022-2025. As Michelson said, technological lines of the plant will be placed on fixed offshore platforms. The gas fields in the Gydan Peninsula (eastern coast of the Gulf of Ob) will serve as the resource base for Arctic LNG-2.

In the interview Mikhelson has expressed desire to see the companies from Japan as partners in every stage of the project. Earlier this year, Michelson’s deputy Denis Khramov told about a number of proposals made by Novatek to the Japanese side.

Several banks from Japan, such as Tokyo-Mitsubishi, Sumitomo Mitsui and Mizuho have already expressed interest in financing the construction of the Arctic LNG-2 project. Novatek aims to raise some $1.05bn to fund construction of the second stage.


In the meantime, NOVATEK is completing the construction of the first in the Russian Arctic LNG production project - Yamal LNG. The plant with the design capacity of 16.5mn t of LNG/yr will use the resources of the South Tambeyskoye natural gas field.



Start of LNG production at the plant is scheduled for 2017. Then, two more of its production lines will be put into operation subsequently.

Yamal LNG project is implemented by the consortium, which in addition to NOVATEK (50.1%) consists of the French Total (20%), China's CNPC (20%) and the Foundation "Silk Road" (9.9%).

As previously reported by Khramov, the production capacity of the Arctic LNG - 2 will be similar to the capacity of Yamal LNG.