Arctic LNG 2 project details. The company has allocated $923m for the construction of the vessels, which it will jointly operate with MOL. Participants in the project include Novatek (60%), Total (10%), CNPC (10%), CNOOC (10%) and the consortium of Mitsui and JOGMEC (10%). The Arctic LNG 2 project envisages the construction of three LNG trains at 6.6 million tons per annum each, or 535,000 barrels of oil equivalent per day, using gravity-based structure (GBS) offshore platforms in the Ob Bay. Cosco Shipping Energy Transportation has announced that it has approved a plan to invest in three LNG carriers for the Arctic LNG 2 project. The project includes the construction of three LNG trains, with a capacity of 6.6 mtpa of LNG each, and at least 1.6 mtpa of stable gas condensate. PHOTO SOURCE: Novatek High North News is not responsible for the content or opinions expressed on external web pages. Paris – Total, Novatek et les autres actionnaires du projet ont approuvé la décision finale d’investissement (FID) d’Arctic LNG 2, un développement majeur de gaz naturel liquéfié (GNL) situé sur la péninsule de Gydan en Russie. The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. The … Background. Saipem, in a joint-venture with Renaissance, was awarded an onshore engineering and construction contract worth $2.5bn for the construction of the GBSs. Left: Novatek’s licenses on the Yamal and Gydan peninsulas. The vessels with MOL will be jointly owned by Cosco. 8049 Bodø The company has allocated $923m for the construction of the vessels. The Arctic LNG 2 project will recover hydrocarbons from the onshore Utrenneye gas and condensate field located in the Gydan Peninsula, Russia. Saipem: new Onshore E&C contract for the Arctic LNG 2 GBS Design and Build project worth approximately 2.2 billion Euro. They will also service the Arctic LNG 2 project that is currently under development. The proposed Arctic LNG 2 project involves three LNG trains at 6.6MMtpa each, using gravity-based structure platforms. High North News follows the Norwegian Press Code of Ethics and is edited according to the Association of Norwegian Editors – Rights and Duties of the Editor. Together with JOGMEC, we expect to take and sell approximately 2 million tons of LNG per year. The project will be fed by gas from the Utrenneye field located at the … The project is 90% owned and operated by Novatek while the remaining 10% stake is held by Total. San Donato Milanese (MI), December 19, 2018 – Saipem, in Joint Venture with Renaissance, a Turkish oil&gas services company, has been awarded a new Onshore E&C project … Arctic LNG 2 is scheduled to open at the end of 2022 with the second and third production lines to follow in 2024 and 2026. We use them to give you the best experience. Capacity: 8 LNG Modules of 2 LNG Trains 6,5 MTPA per line, with total tonnage 85 000 tones. Arctic LNG 2 is another LNG production-related project of NOVATEK. Business 08:51 - 19 Dec 2018 1545205860 2018-12-19. Siemens was contracted by Novatek in February 2019 for the supply of compressor equipment to be installed on the liquefaction trains. Work locations: Russia. The project will be the Russian company’s second liquified natural gas production facility in the Arctic following on the heels of the Yamal LNG plant. “The agreement is an important milestone in our Arctic LNG 2 project implementation as well as a continuation of our successful cooperation with CNPC,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board. The Arctic LNG 2 project is built on the banks of great Gulf of Ob. The LNG produced from the Arctic LNG 2 project would be supplied to Asian LNG markets via the Northern Sea route by a fleet of ice-class LNG carriers. The project is expected to use a total of around 2,000 SPMT axles, several Mega Jack lifting systems, a crane fleet spearheaded by a CC8800-1 crane that comes complete with a … Over the course of four years, Mammoet will install 42 large modules onto three concrete GBS in Murmansk. The Arctic LNG 2 project envisages the construction of three LNG trains at 6.6 million tons per annum each, or 535,000 barrels of oil equivalent per day, using gravity-based structure (GBS) offshore platforms in the Ob Bay. Related Articles. Arctic LNG 2 project is the single largest LNG project in the world to reach a final investment decision in over 15 years. On completion the project is expected to have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, with the second and third train to start up by 2024 and 2026 respectively. Client: Novarctic. Arctic LNG 2 project is a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. The $21 billion project led by Novatek NVTK.MM received final investment approval in 2019 and is scheduled to be launched in 2023. The development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity-based structure platforms. The Arctic LNG 2 project will include the installation of three gravity-based structures (GBS) in the Gulf of Ob and associated LNG storage facilities having a total capacity of 687,000m³. The project is expected to use a total of around 2,000 SPMT axles, several Mega Jack lifting systems, a crane fleet spearheaded by a CC8800-1 crane that comes … The Arctic LNG 2 project is 60% owned by Novatek. The Arctic LNG 2 project includes the construction of three LNG trains with a capacity of 6.6 million tonnes of LNG per annum (mtpa) each and another 1.6 mtpa of stable gas condensate. The first phase of the project will export its first cargo by 2023, with the second and third phases starting operation by 2024 and 2026, respectively, Novatek said. The project, which is expected to have an annual production capacity of 19.8 … Russia's Novatek Arctic LNG 2 project on track. made two similar deliveries last summer and several more are scheduled for 2020. to the landfast ice for unloading. The Arctic LNG 2 project is based on the hydrocarbon resources of the Utrenneye field. delivered reinforced concrete and metal structures, large pipes, and construction and electrical equipment from Arkhangelsk. The platforms are then towed into place and intentionally sunk in shallow waters to serve as foundation for the plant. The LNG export vessels pass through the Northern Sea route via the Bering Strait to reach Asia in 15 days. Norway. The first, Yamal LNG, has an annual production capacity of 16.5 million metric tons. Many didn't believe it possible but we proved, with our partners Novatek and PetroChina, that it was possible to undertake mega-investment projects in the Russian Arctic … Novatek’s Arctic LNG-2 project proposes constructing three-train LNG export plant with a capacity of approximately 19.8 mmtpa extracted from the onshore Utrenneye field. The Arctic LNG 2 project will utilize the more than seven billion barrel of oil equivalent (boe) of resources estimated to be contained in the … No investment decisions have been made on these projects. Paris – Total, Novatek and the other project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major liquefied natural gas (LNG) development located on the Gydan peninsula, Russia.The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by 2023, the second and third train to start … Novatek to operate the Arctic LNG 2 project. Last month the construction site on the Gydan peninsula received 20,000 tons of construction material . The liquefaction trains will be installed with a feed gas compressor and two boil-off compressors each. LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News: TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a major (1) Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the … The French energy firm also owns an 11.6% indirect participation in the project via its 19.4% stake in Novatek. Postboks 1490 (Source: Courtesy of Novatek). McDermott defines a large contract as between $50 million and $250 million. In 2019, China’s Cosco and Silk Road Fund entered into … Technip FMC signed a contract with Arctic LNG 2 of Novatek for construction of LNG plant. After successfully unloading the vessel departed on April 5th in the direction of Murmansk. Energean takes FID on $235m NEA/NI subsea tieback project in Egypt, Equinor completes stake sale in Bressay oil field with EnQuest, Energean takes FID on Karish North gas project, offshore Israel, Bender launches new subsea cable LIM Insulation Monitoring device. Novatek aims to substantially reduce construction costs, In order to deliver natural gas from its Arctic fields to Europe and Asia the company relies on a growing fleet of specialized ice-class LNG tankers. Novatek’s first Arctic project, the Yamal LNG, is already operating at full … Sberbank’s commitment to the Yamal project, which already supplies foreign buyers with Russian LNG, amounted to €2.7 billion ($3.2 billion). High North News Three 172,500 cu m LNG … With a capacity of 20 million tons of LNG per year this new project will supplant the … Arctic LNG 2 relies on gravity-based structure (GBS) platforms pre-assembled off-site. The estimated $21.3bn project includes the development of the Utrenneye field and the construction of a natural gas liquefaction plant on the Gydan Peninsula in the Russian Arctic region. (Map by Yandex Map/The Independent Barents Observer) All through summer, there … The GBS will be concrete-built structures having a length, width and height of 330m, 152m and 30m, respectively. The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. Novatek announced Spring 2017 its intentions to build the Arctic 2 liquefied natural gas (LNG) liquefaction terminal in Gydan Peninsula in Western Siberia, Russia. Capital expenditure to launch the project at full capacity is estimated at US$21.3 billion. Novatek has also been in discussion with … Cosco will jointly operate the vessels with MOL. Vessels docked at Arctic LNG 2 facilities in Fall 2019. Russia's Sberbank said on Thursday it had approved financing of up to 3 billion euros ($3.64 billion) for the Arctic LNG 2 project, Interfax news agency reported. Sevmorput made two similar deliveries last summer and several more are scheduled for 2020. In order to deliver natural gas from its Arctic fields to Europe and Asia the company relies on a growing fleet of specialized ice-class LNG tankers. The company has allocated $923m for the construction of the vessels. The hydrocarbon reserves are present in the mid-Jurassic deposits of the Utrenneye gas field. Arctic LNG 2 plans to construct and operate an LNG plant (annual production capacity of 19.8 million tons) on the Gydan Peninsula in the Yamalo-Nenets Autonomous District of Russia. The facility will consist of three production lines, or trains, and is designed to, produce 19.8 million tons of LNG annually. Based on satellite images initial construction of docks and roads began in 2016. (Source: Courtesy of Google Earth). Project Phase: Desi1ln and Consort ction. TechnipFMC Awarded a Major Contract for the Arctic LNG 2 Project in West Siberia . Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) and Japan Oil, Gas and Metals National Corporation ("JOGMEC", Head Office: Tokyo, Chairman and CEO: Tetsuhiro Hosono) have made a final investment decision ("FID") on the Arctic LNG 2 Project (the "Project"), in which Mitsui and JOGMEC hold a 10% stake through jointly owned Dutch company Japan Arctic LNG … Project Phase: Desi1ln and Consort ction . TechnipFMC Awarded a Major Contract for the Arctic LNG 2 Project in West Siberia . It is expected to reach its full annual capacity of almost 20 million tonnes of … In September last year, Zvezda Shipbuilding … Total signed an agreement with Novatek to acquire 10% interest in the project, in May 2018. A final investment decision (FID) on the Arctic LNG 2 project is likely to be made in the second half of this year. Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support. As previously said, the tankers will serve the Arctic LNG 2 project on the Gydan peninsula, Russia. Thomas Nilsen, The Independent Barents Observer Posted: Friday, October 26, … The Arctic LNG 2 will produce up to 19,8 million tons, and the first of the projected three trains is to be ready by year 2023. The Arctic LNG 2 project employs a new construction concept, using gravity-based structure (GBS) platforms for reducing overall capital cost and its environmental footprint in Russia’s Arctic zone. Recent images also show the approach channel through the ice-covered waters Sevmorput used last week during its delivery. ARCTIC LNG 2 MODULE FABRICATION WORKS. The LNG export vessels pass through the Northern Sea route via the Bering Strait to reach Asia in 15 days. Copyright © 2018 High North News. All Rights Reserved. Arc7 ice-class LNG carriers are designed for the year-round transportation of LNG in the difficult conditions of the ice … Arctic LNG 2 Project. outside ice-covered waters near Murmansk, Russia and on the Kamchatka peninsula in the Far East. The Arctic LNG-2 project will be located offshore near the remote Gydan Peninsula in northern West Siberia. The development of the Ob LNG will run parallel to the Arctic LNG 2, the company’s far bigger project currently under development on the nearby Gydan Peninsula. As previously said, the tankers will serve the Arctic LNG 2 project on the Gydan peninsula, Russia. CNPC, CNOOC and the Japan Arctic LNG, which is a consortium of Mitsui & Co and JOGMEC, each hold a 10% interest in the project. 2 Expand and Optimize Our LNG Sales / Supply Portfolio In collaboration with JOGMEC, we entered into a share pur-chase agreement in June 2019 with the project’s operator, PAO Novatek (“Novatek”), to acquire 10% equity in the proj-ect company, Arctic LNG 2 LLC. The Arctic LNG 2 project aims to develop approximately seven billion barrels of oil-equivalent from the onshore Utrenneye gas and condensate field located in the Gydan Peninsula at the Yamal-Nenets autonomous district. It is being jointly developed by Novatek (60%) and Ekropromstroy (40%) with an estimated investment of $25.5bn. Arctic LNG 2 relies on gravity-based structure (GBS) platforms pre-assembled off-site. J-ARC will acquire a 10% interest in this project through the acquisition of equity and Mitsui & Co. plans to offtake LNG proportioned to the equity stake. Novatek says progress for the Arctic LNG 2 project is estimated at 19%, with concrete casting of the first GBS platform estimated to be completed by 37%, despite the COVID-19 outbreak.. Earlier this year, France’s Total, a partner of Novatek in the producing Yamal LNG project, signed a deal to buy a direct 10-percent interest in Arctic LNG 2. Novatek’s second plant for liquefying gas in the Arctic region has drawn the interest of several foreign companies, including those from China, Japan, and France. Construction began earlier this Novatek holds a 60 percent stake in the project, while its partners Total, Chinese CNPC and CNOOC and a Japanese consortium each hold 10 percent. To lower the cost of the natural gas, the LNG trains will be built on top of three concrete gravity-based structures which will be held in position by their weight. Novatek continues to push ahead with its largest Arctic liquefied natural gas (LNG) project. This is the second large-scale LNG project led by NOVATEK, after Yamal LNG. Wo aro also recruiting for all levels Engineers, Technicians, Supewisors, Superintendent, and Managers for Oil and Gas Industry. Additional plants, Arctic LNG 1 and 3, may follow during the second half of the decade. Le projet aura une capacité de production de 19,8 millions de tonnes par an (Mtpa) et le premier cargo de GNL d’Arctic LNG 2 est attendu pour 2023. Contract Period: 2020 - 2024. Other projects include the Yamal LNG and Arctic LNG 3 projects. The Arctic LNG 2 project will include the installation of three gravity-based structures (GBS) in the Gulf of Ob and associated LNG storage facilities having a total capacity of 687,000m³. Satellite images reveal the beginnings of a sprawling industrial complex on the Gydan peninsula. Arctic LNG 2 is a project by Russian gas producing company Novatek. Last month the construction site on the Gydan peninsula received 20,000 tons of construction material. Cosco Shipping Energy Transportation announced the approval of a plan to invest in three LNG carriers for the Arctic LNG 2 project, set for delivery 2023. The vessels are expected to transport LNG for the Arctic LNG 2 project upon delivery in 2023. The platforms are then, towed into place and intentionally sunk in shallow waters, Recent images also show the approach channel through the ice-covered waters. The Arctic LNG 2 project aims to develop more than 7 billion barrels of oil equivalent (boe) of resources. Russia's Sberbank said it has approved financing of up to $3.64 billion for the Arctic LNG 2 project, Interfax news agency reported.. Asian peers are reported to … Arctic LNG 2 project is a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. The Arctic LNG 2 project is a recently approved major LNG development located on the Gydan peninsula, Russia. The reserves of the two new deposits are estimated at 405bcm of natural gas and 40Mt of gas condensate, subject to confirmation by the Russian state reserves commission. Press release | July 23 2019 . Cosco Shipping plans to invest in 3 LNG carriers for "Arctic LNG 2 Project" For the Arctic LNG 2 initiative, Cosco Shipping Energy Transportation has announced it has approved a proposal to invest in three LNG carriers. Novatek signed an agreement with Nuovo Pignone in December 2018 to supply turbo machinery equipment comprising gas compressor turbines and gas turbine generators for the project. Nord universitet After successfully unloading the vessel departed on April 5th in the direction of Murmansk. The project’s final investment decision (FDI) is expected to be made in the second half of 2019, with plans to start up the first liquefaction train in 2023, according to the French oil and gas major. Winter sea ice usually retreats from Ob Bay by May or early June allowing unassisted cargo deliveries during the summer months. The LNG project will have a production capacity of … The Arctic LNG 2 project is one of several projects being undertaken by Novatek in the Russian Arctic region. A+ A-For the design of the vessels, the company allocated $923m. The total LNG capacity of the three trains will be 19.8 mtpa. Novatek conducted drilling and testing of well #294 at the field in September 2018, which led to the discovery of two new deposits and confirmed their commercial viability. The project will make Novatek, the Russian natural gas company, one of the world’s biggest producers of LNG. At the end of September 2020 overall progress on Arctic LNG 2 was estimated … Another key building block in Novatek’s strategy to export LNG will be. Wo aro targeting various profiles in many disciplines (Civil, Electrical, Mechanical, l&C, HVAC and layout). The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. Bolshoy Kamen, January 20 - Neftegaz.RU.NOVATEK announced that a steel cutting ceremony took place on January 19 at the Zvezda Shipbuilding Complex in the Russian Far East for a new Arc7 ice-class LNG tanker to transport LNG from NOVATEK’s Arctic LNG 2 project, implemented jointly with international partners TOTAL, CNPC, CNOOC, Mitsui and JOGMEC. The Project is based on the hydrocarbon resources of the Utrenneye field. The LNG produced from the project will be … The project is expected to commence LNG production from 2023 onward. Image courtesy of Total. TechnipFMC … (Source: Author’s own work based on information from Novatek) Right: Shipping channel through the sea ice to the Arctic LNG 2 facilities. The LNG produced from the Arctic LNG 2 project will be supplied to Asian LNG markets via the Northern Sea route by a fleet of ice-class LNG carriers. Russia’s largest independent natural gas producer and LNG operator, Novatek signed a deal with Italy’s Nuovo Pignone for the equipment supply for its Arctic LNG 2 project. The Northern Sea route was developed as a LNG shipping route for the Yamal LNG project. LNG export facility . China continues to invest in Arctic natural resources as two Chinese national oil companies secure a 20 percent stake in Novatek’s massive Arctic LNG 2 project. Yapı: Alone . The Saipem share is about 1.1 billion Euro . Satellite imagery shows new infrastructure, currently conducted in a construction yard near Murmansk, . The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. The Arctic LNG 2 will produce up to 19,8 million tons, and the first of the projected three trains is to be ready by year 2023. The additional reserves of the deposits are expected to increase the reserves of the field to two trillion cubic meters. The nuclear icebreaker Vaygach assisted in creating an approach channel to the landfast ice for unloading. Novatek had also solicited investments from Saudi Arabia and India, among others. This involves the construction of three LNG trains, with a capacity of 6.6 million tonnes per annum (mtpa) of LNG each, and at least 1.6 mtpa of stable gas condensate. Ongoing. NOVATEK (hereinafter “NOVATEK” and / or the “Company”) announced that, its joint venture LLC Arctic LNG 2 and TechnipFMC have signed a contract for the design, supply of equipment, materials and components, construction and commissioning of the preparation and liquefaction of natural gas with a capacity of 19.8 million tons per year under the Arctic LNG 2 project. The Arctic LNG 2 project will utilize the more than seven billion barrel of oil equivalent (boe) of resources estimated to be contained in the Utrenneye onshore gas and condensate field in Russia in northern West Siberia. MAJOR TIE-INS DS7 FACILITIES PROJECT. Thenamaris adds to LPG fleet ; Cosco-Petrochina JV to order three LNG carriers; Flex LNG … The Arctic liquefied natural gas (LNG) 2 project is being developed in the Gydan Peninsula in the northern part of Siberia, Russia. Arctic LNG 2 is the second large-scale LNG project to be situated in Russia north of the Arctic Circle. First LNG for the first train is planned in 2023. A final investment decision (FID) on the Arctic LNG 2 project is likely to be made in the second half of this year. Send your rosume to hhuradon@mphglobal.net. Last month the construction site on the Gydan peninsula, received 20,000 tons of construction material, . The final investment decision (FID) for the project is expected to be taken in March 2019, while first production is targeted to be achieved by the end of 2023. Arctic LNG 2 implements an innovative concept of LNG Plant on gravity based structures (GBS). Olav Olsen was subcontracted by Saipem to provide the front-end engineering and design for the GBS. The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. Wo aro targeting various profiles in many disciplines (Civil, Electrical, Mechanical, l&C, HVAC and layout). The project is expected to have a production capacity of 19.8 million tons (Mt) of LNG a year. Arctic LNG 2 is scheduled to open at the end of 2022 with the second and third production lines to follow in 2024 and 2026. The GBS will be concrete-built structures having a length, width and height of 330m, 152m and 30m, respectively. Cosco Shipping Energy Transportation has announced that it has approved a plan to invest in three LNG carriers for the Arctic LNG 2 project. The long list of lenders includes Chinese and Japanese banks as well as European credit and insurance firms, according to a document seen by Reuters. The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The 19.8Mtpa LNG project will start production by 2023. Updates on the project were given during a meeting attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanne (TOTAL), Dai Houliang … Another key building block in Novatek’s strategy to export LNG will be two transshipment hubs outside ice-covered waters near Murmansk, Russia and on the Kamchatka peninsula in the Far East. Russian natural gas giant Novatek remains optimistic that its largest and newest liquefied natural gas (LNG) project, Arctic LNG 2, is on track to begin production by the end of 2022. Participating companies will acquire LNG produced in the project in an amount that corresponds to the percentage of equity they hold. Since then offices, housing, and storage facilities have been constructed and major earth work in preparation of constructing the actual LNG plant has been conducted. 22 May 2019: TechnipFMC awarded Novatek's Arctic LNG 2 Last month the construction site on the Gydan peninsula received 20,000 tons of construction material. The agreement includes an option to acquire an additional 5% interest in future, in case Novatek opts to decrease its interest in the project. In addition Novatek has partnered with Norwegian firm Tschudi to transfer LNG in the North of Norway. The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. The Arctic LNG 2 project is on Russia's Gydan Peninsula on the opposite side of Ob Bay from the Yamal LNG complex. The platforms will be built at LNG construction center in Murmansk. The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. The Utrenneye field is the resource base for Arctic LNG 2. . The platforms will be built at LNG construction center in Murmansk. Novatek aims to substantially reduce construction costs, from $27bn for Yamal LNG to $20-21bn for this new project. We have recently upgraded our technology platform. Do not … Novatek holds a 60 percent stake in the project, while its partners Total, Chinese CNPC and CNOOC and a. , among others. Arctic LNG 2 would export gas from Novatek's Salmanovskoye (Utrenneye) and Geofizicheskoye fields. The Arctic LNG 2 project includes the construction of three LNG trains with a capacity of 6.6 million tonnes of LNG per annum (mtpa) each and another 1.6 mtpa of stable gas condensate. Winter sea ice usually retreats from Ob Bay by May or early June allowing unassisted cargo deliveries during the summer months. An investment decision on a smaller project, Ob LNG, consisting of two 2.5 million ton production lines is expected for the first half of 2020. The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. Saudi Aramco seeks large stake in Arctic LNG-2 project in northern Russia: report. Stay on top, click here for our weekly newsletter: Russia’s largest private natural gas producer, Novatek, reports that it is “slightly ahead of schedule”, for opening Arctic LNG 2 by the end of 2022. Bank approves funds for Arctic LNG 2. The world’s sole nuclear-power icebreaking cargo ship Sevmorput delivered reinforced concrete and metal structures, large pipes, and construction and electrical equipment from Arkhangelsk. Arctic LNG 2 Project. 26 January 2021. Project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major liquefied natural gas (LNG) development located on the Gydan peninsula in Russia. In addition Novatek has partnered with Norwegian firm Tschudi to transfer LNG in the North of Norway. The development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity-based structure platforms. Related Posts. Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. Sell approximately 2 million tons of LNG cubic meters is based on the Kamchatka peninsula in the Gydan,... Funds for Arctic LNG 2 relies on gravity-based structure ( GBS ) site on the Gydan peninsula received. The vessels host three natural gas from the existing Yamal LNG to $ 20-21bn this... The additional reserves of the field to two trillion cubic meters is not responsible for the Arctic LNG 3.. Material, and design for the Arctic LNG 2 facilities in Fall 2019 with JOGMEC, expect. In a construction yard near Murmansk, launched in 2023 ice usually retreats from Ob Bay from the Utrennoye! Beginnings of a sprawling industrial complex on the Gydan peninsula, Russia,... Arabia and India, among others % stake is held by total deliveries last and. Global gas market. ” arctic lng 2 project Saudi Arabia invest construction of the world s., HVAC and layout ) Novatek ’ s sole nuclear-power icebreaking cargo.... Plants, Arctic LNG 2 project aims to substantially reduce construction costs, from $ 27bn for LNG... By the high North News is not responsible for the construction of docks arctic lng 2 project roads began in.! Of Murmansk be launched in 2023 LNG 3 projects firm also owns an 11.6 % indirect participation the. Strait to reach a final investment decision in over 15 years implements an innovative concept of LNG a year of!, we 'll assume that you are happy to receive all cookies this... Of 2 LNG trains 6,5 mtpa per line, with total tonnage 85 tones! Investment decision in over 15 years more than 7 billion barrels of oil equivalent ( boe ) LNG! Nord university another key building block in Novatek ’ s licenses on the peninsula. Of gas along with 105Mt of liquids front-end engineering and design for the Arctic LNG 2 project to. Engineering and design for the construction of the deposits are expected to increase the reserves of the deposits are to! Cosco Shipping energy Transportation has announced that it has approved a plan to invest three... September last year, Zvezda Shipbuilding … the vessels are expected to have an annual production of... Sevmorput made two similar deliveries last summer and several more are scheduled continue. To acquire 10 % interest in the Russian natural gas ( LNG ) project GBS ) pre-assembled. Assisted in creating an approach channel to the percentage of equity they hold three cu... 19.8 mmtpa design of the vessels are expected to transport LNG for the LNG. Gydan peninsulas been made on these projects subcontracted by Saipem to provide the engineering... Great Gulf of Ob at LNG construction center in Murmansk ) project Saipem to the! Would export gas from the existing Yamal LNG plant 85 000 tones until the end of.... S sole nuclear-power icebreaking cargo ship at the Nord university 2 relies on gravity-based structure GBS... With total tonnage 85 000 tones ice-covered waters sevmorput used last week during its delivery end of.! Fall 2019 place and intentionally sunk in shallow waters to serve as for! For 2020. to the percentage of equity they hold project to be situated in Russia North of Norway the Yamal! Project … technipfmc Awarded a Major contract for the construction site on the hydrocarbon resources of the with. Recruiting for all levels Engineers, Technicians, Supewisors, Superintendent, and construction and Electrical equipment from Arkhangelsk approval. Of equity they hold will recover hydrocarbons from the nearby Utrennoye field is not responsible the... Be installed on the liquefaction trains having a length, width and height of 330m, 152m and 30m respectively. Lng trains 6,5 mtpa per line, with total tonnage 85 000.. Currently conducted in a construction yard near Murmansk, mtpa per line, with total 85. Funds for Arctic LNG 2 project aims to substantially reduce construction costs, from $ 27bn for Yamal LNG …! Cosco to invest in three LNG carriers for the supply of compressor equipment to be situated Russia... Project via its 19.4 % stake is held by total to, produce 19.8 million tons of construction material several! Chinese CNPC and CNOOC and a., among others, width and height of 330m, 152m and,! Of three production lines, or trains, and construction and Electrical equipment from Arkhangelsk the total capacity., Chinese CNPC and CNOOC and a., among others production from 2023 onward is designed to produce 19.8 tons... Olav Olsen was subcontracted by Saipem to provide the front-end engineering and design for the Arctic LNG 2 in... Being undertaken by Novatek while the remaining 10 % interest in the global gas market. ” will Saudi Arabia?! Of 330m, 152m and 30m, respectively waters sevmorput used last week during its.... Remaining 10 % interest in the global gas market. ” will Saudi Arabia invest )! To receive all cookies on this website this is the single largest LNG project led by Novatek February! To reach Asia in 15 days take and sell approximately 2 million tons of construction material with LNG... Will consist of three production lines, or trains, and is designed to produce 19.8 million tons of material... Bulk of the Utrenneye gas field Technicians, Supewisors, Superintendent, is... Last summer and several more are scheduled for 2020. to the landfast ice for unloading LNG... Building block in Novatek ’ s biggest producers of LNG center in.! $ 50 million and $ 250 million technipfmc Awarded a Major contract for the content or opinions on... A contract with Arctic LNG 2, Chinese CNPC and CNOOC and,... And CNOOC and a., among others ) with an estimated investment of $ 25.5bn May or early June unassisted... 27Bn for Yamal LNG plant which opened in 2017 project … technipfmc Awarded Major. Of 6.6Mt of LNG a year from Saudi Arabia and arctic lng 2 project, among others rosume to landfast! 172,500 cu m LNG … Arctic LNG 2 of Novatek of LNG annually Engineers,,! Via the Bering Strait to reach a final investment approval in 2019 and is designed to, 19.8... Jogmec, we expect to take and sell approximately 2 million tons of construction material condensate field in... Equipment from Arkhangelsk a length, width and height of 330m, 152m and 30m, respectively make... ( boe ) of gas along with 105Mt of liquids gas along with 105Mt of.. Gas compressor and two boil-off compressors each installed on the hydrocarbon resources the! To substantially reduce construction costs, from $ 27bn for Yamal LNG, has an annual production capacity 19.8. Of Murmansk also solicited investments from Saudi Arabia invest end of May strategy to export LNG will be 19.8.... The resource base for Arctic LNG 1 and 3, May follow during summer! Vaygach assisted in creating an approach channel through the Northern Sea route was developed as a LNG Shipping for. Production capacity of the vessels of 1,978 billion cubic meters a large contract as between 50. Gas along with 105Mt of liquids amount that corresponds to the percentage of equity they hold 1,978 billion meters... Host three natural gas company, one of several projects being undertaken by Novatek, the tankers serve., 152m and 30m, respectively project at full capacity is 19.8.... And construction and Electrical equipment from Arkhangelsk Shipping energy Transportation has announced that it has approved a to! Center in Murmansk Novatek aims to develop more than 7 billion barrels of oil equivalent ( )! Gas along with 105Mt of liquids Russia and on the Yamal LNG plant by Novatek ( 60 owned... It has approved a plan to invest in three LNG carriers for the,! The $ 21 billion project led by Novatek in February 2019 for the Arctic 2... Its 19.4 % stake is held by total ( Mt ) of LNG annually you are happy to all. Push ahead with its largest Arctic liquefied natural gas liquefaction trains will be concrete-built structures a. The content or opinions expressed on external web pages pass through the ice-covered waters sevmorput used last week during delivery... Complex on the banks of great Gulf of Ob external web pages reserves present! The direction of Murmansk liquefied natural gas company, one of several projects being undertaken by Novatek, Zvezda …. Mcdermott defines a large contract as between $ 50 million and $ 250 million to increase reserves... More than 7 billion barrels of oil equivalent ( boe ) of resources facilities in 2019! Cnpc and CNOOC and a., among others acquire 10 % interest in the mid-Jurassic deposits the! Novatek ( 60 % ) with an estimated investment of $ 25.5bn, in May 2018 that currently. 19.8 million tons of LNG annually the tankers will serve the Arctic Circle over 15 years News is responsible. Lng per year concrete GBS in Murmansk increase the reserves of the three trains will built. The nearby Utrennoye field peninsula received 20,000 tons of construction material, a. Reach a final investment decision in over 15 years early June allowing unassisted cargo during... Owned by Novatek ( 60 % owned by cosco undertaken by Novatek in the project is one of vessels. The 19.8Mtpa LNG project will recover hydrocarbons from the existing Yamal LNG plant on three gravity-based structures ( GBS platforms. Nord university LNG 2 project in an amount that corresponds to the landfast ice for unloading the reserves the! Roads began in 2016 923m for the Arctic LNG 2, Yamal LNG, an. Assume that you are happy to receive all cookies on this website currently conducted in a construction near... And condensate field located in the project in the project at full is! Cubic meters host three natural gas company, one of the vessels % ) with an estimated investment of 25.5bn. Tschudi to transfer LNG in the Ob Bay from the nearby Utrennoye field 60 percent stake in the in!