Saipem, in a joint-venture with Renaissance, was awarded an onshore engineering and construction contract worth $2.5bn for the construction of the GBSs. In addition Novatek has partnered with Norwegian firm Tschudi to transfer LNG in the North of Norway. Sberbank’s commitment to the Yamal project, which already supplies foreign buyers with Russian LNG, amounted to €2.7 billion ($3.2 billion). The Arctic LNG 2 project is 60% owned by Novatek. 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 Gydan … The Saipem share is about 1.1 billion Euro . Novatek aims to substantially reduce construction costs, from $27bn for Yamal LNG to $20-21bn for this new project. The French energy firm also owns an 11.6% indirect participation in the project via its 19.4% stake in Novatek. The project, which is expected to have an annual production capacity of 19.8 … We have recently upgraded our technology platform. 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. 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. In 2019, China’s Cosco and Silk Road Fund entered into … 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. Nord universitet Last month the construction site on the Gydan peninsula received 20,000 tons of construction material. The first, Yamal LNG, has an annual production capacity of 16.5 million metric tons. Russia's Sberbank said it has approved financing of up to $3.64 billion for the Arctic LNG 2 project, Interfax news agency reported.. The … Sevmorput made two similar deliveries last summer and several more are scheduled for 2020. 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. A+ A-For the design of the vessels, the company allocated $923m. Wo aro targeting various profiles in many disciplines (Civil, Electrical, Mechanical, l&C, HVAC and layout). 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. 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. Arctic LNG 2 relies on gravity-based structure (GBS) platforms pre-assembled off-site. 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 Northern Sea route was developed as a LNG shipping route for the Yamal LNG project. Last month the construction site on the Gydan peninsula, received 20,000 tons of construction material, . Olav Olsen was subcontracted by Saipem to provide the front-end engineering and design for the GBS. Total signed an agreement with Novatek to acquire 10% interest in the project, in May 2018. 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.. Cameron LNG Project … Postboks 1490 Project Phase: Desi1ln and Consort ction . Siemens was contracted by Novatek in February 2019 for the supply of compressor equipment to be installed on the liquefaction trains. 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. CNPC, CNOOC and the Japan Arctic LNG, which is a consortium of Mitsui & Co and JOGMEC, each hold a 10% interest in the project. Work locations: Russia. 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. 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. Winter sea ice usually retreats from Ob Bay by May or early June allowing unassisted cargo deliveries during the summer months. This is the second large-scale LNG project led by NOVATEK, after Yamal LNG. The vessels are expected to transport LNG for the Arctic LNG 2 project upon delivery in 2023. The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. Vessels docked at Arctic LNG 2 facilities in Fall 2019. 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 … 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 gas field holds total reserves of 1,978 billion cubic meters (bcm) of gas along with 105Mt of liquids. The Arctic liquefied natural gas (LNG) 2 project is being developed in the Gydan Peninsula in the northern part of Siberia, Russia. Novatek, Total and the other project shareholders have taken a final investment decision (FID) for the Arctic liquefied natural gas (LNG 2) project in Russia. Novatek to operate the Arctic LNG 2 project. TechnipFMC Awarded a Major Contract for the Arctic LNG 2 Project in West Siberia . Satellite imagery shows new infrastructure, currently conducted in a construction yard near Murmansk, . Other projects include the Yamal LNG and Arctic LNG 3 projects. Related Posts. The Project is based on the hydrocarbon resources of the Utrenneye field. Novatek’s first Arctic project, the Yamal LNG, is already operating at full … The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. The hydrocarbon reserves are present in the mid-Jurassic deposits of the Utrenneye gas field. TechnipFMC … Thomas Nilsen, The Independent Barents Observer Posted: Friday, October 26, … 8049 Bodø 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. 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. 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. Background. 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 GBS will host three natural gas liquefaction trains having a production capacity of 6.6Mt of LNG a year each. The Arctic LNG 2 project is built on the banks of great Gulf of Ob. Project Phase: Desi1ln and Consort ction. It's the follow-on from our successful Yamal LNG project . Three 172,500 cu m LNG … The $21 billion project led by Novatek NVTK.MM received final investment approval in 2019 and is scheduled to be launched in 2023. 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. 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 … The Arctic LNG 2 project is based on the hydrocarbon resources of the Utrenneye field. Arctic LNG 2 implements an innovative concept of LNG Plant on gravity based structures (GBS). Arctic LNG 2 Project Abstract. 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. The LNG produced from the project will be … At the end of September 2020 overall progress on Arctic LNG 2 was estimated … The Arctic LNG 2 plant will utilize natural gas from the nearby Utrennoye field. High North News 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 facility will consist of three production lines, or trains, and is designed to produce 19.8 million tons of LNG annually. Arc7 ice-class LNG carriers are designed for the year-round transportation of LNG in the difficult conditions of the ice … 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. Arctic LNG 2 relies on gravity-based structure (GBS) platforms pre-assembled off-site. Participating companies will acquire LNG produced in the project in an amount that corresponds to the percentage of equity they hold. (Map by Yandex Map/The Independent Barents Observer) All through summer, there … Reloading operations began two weeks ago and are scheduled to continue until the end of May. Novatek holds a 60% stake in the Arctic LNG 2 project while Total has a direct 10% interest. Image courtesy of Total. 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. 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. Contract Type: Unite Price / Module Fabrication. The company has allocated $923m for the construction of the vessels. Over the course of four years, Mammoet will install 42 large modules onto three concrete GBS in Murmansk. The Arctic LNG 2 project is one of several projects being undertaken by Novatek in the Russian Arctic region. Arctic LNG 2 project details. 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 project is expected to commence LNG production from 2023 onward. 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. Foundation for the GBS will host three natural gas liquefaction trains will be concrete-built structures having a length width... 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