arctic lng 2 project

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. First LNG for the first train is planned in 2023. 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 … Work locations: Russia. The Arctic LNG 2 is planned built in the shallow waters of the Gulf of Ob, the bay located near the coast of the Kara Sea between the peninsulas of Yamal and Gydan. High North News is an independent newspaper published by the High North Center at the Nord university. 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. The platforms are then towed into place and intentionally sunk in shallow waters to serve as foundation for the plant. 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. 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 … Image courtesy of Total. Thenamaris adds to LPG fleet ; Cosco-Petrochina JV to order three LNG carriers; Flex LNG … Novatek has also been in discussion with … Ongoing. Reloading operations began two weeks ago and are scheduled to continue until the end of May. 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 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. 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 plant will utilize natural gas from the nearby Utrennoye field. Novatek had also solicited investments from Saudi Arabia and India, among others. 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. Wo aro also recruiting for all levels Engineers, Technicians, Supewisors, Superintendent, and Managers for Oil and Gas Industry. 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. Capacity: 8 LNG Modules of 2 LNG Trains 6,5 MTPA per line, with total tonnage 85 000 tones. Saipem, in a joint-venture with Renaissance, was awarded an onshore engineering and construction contract worth $2.5bn for the construction of the GBSs. Arctic LNG 2 Project. After successfully unloading the vessel departed on April 5th in the direction of Murmansk. The project is located across the Ob Bay from the existing Yamal LNG plant which opened in 2017. The project is expected to have a production capacity of 19.8 million tons (Mt) of LNG a year. 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 GBS will be concrete-built structures having a length, width and height of 330m, 152m and 30m, respectively. 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. 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 … No investment decisions have been made on these projects. 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. The other shareholders are Total (10%), China National Petroleum Corporation (10%), China National Offshore Oil Corporation (10%) and Mitsui/Jogmec (10%). Arctic LNG 2 implements an innovative concept of LNG Plant on gravity based structures (GBS). Norway. 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. MAJOR TIE-INS DS7 FACILITIES PROJECT. Together with JOGMEC, we expect to take and sell approximately 2 million tons of LNG per year. 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 … 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. Olav Olsen was subcontracted by Saipem to provide the front-end engineering and design for the GBS. 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. Business 08:51 - 19 Dec 2018 1545205860 2018-12-19. Cosco will jointly operate the vessels with MOL. 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. Contract Period: 2020 - 2024. It is being jointly developed by Novatek (60%) and Ekropromstroy (40%) with an estimated investment of $25.5bn. The project is expected to commence LNG production from 2023 onward. Capital expenditure to launch the project at full capacity is estimated at US$21.3 billion. Wo aro also recruiting for all levels Engineers, Technicians, Supewisors, Superintendent, and Managers for Oil and Gas Industry. made two similar deliveries last summer and several more are scheduled for 2020. to the landfast ice for unloading. Thomas Nilsen, The Independent Barents Observer Posted: Friday, October 26, … Novatek continues to push ahead with its largest Arctic liquefied natural gas (LNG) project. 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. Yapı: Alone . The facility will consist of three production lines, or trains, and is designed to, produce 19.8 million tons of LNG annually. . 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. Arc7 ice-class LNG carriers are designed for the year-round transportation of LNG in the difficult conditions of the ice … Additional plants, Arctic LNG 1 and 3, may follow during the second half of the decade. 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. Arctic LNG 2 is the second large-scale LNG project to be situated in Russia north of the Arctic Circle. (Source: Author’s own work based on information from Novatek) Right: Shipping channel through the sea ice to the Arctic LNG 2 facilities. 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. Arctic LNG 2 would export gas from Novatek's Salmanovskoye (Utrenneye) and Geofizicheskoye fields. In 2019, China’s Cosco and Silk Road Fund entered into … Other Projects . TechnipFMC … The liquefaction trains will be installed with a feed gas compressor and two boil-off compressors each. The Arctic LNG 2 project aims to develop more than 7 billion barrels of oil equivalent (boe) of resources. The Arctic LNG 2 project is on Russia's Gydan Peninsula on the opposite side of Ob Bay from the Yamal LNG complex. PHOTO SOURCE: Novatek 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. Total signed an agreement with Novatek to acquire 10% interest in the project, in May 2018. 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. 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.. 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