Arctic LNG 2, Siemens Sign Deal

Shailaja A. Lakshmi
Sunday, February 3, 2019

Russian gas producer Novatek said that it had signed a deal with German tech giant Siemens to buy compressors for its new Arctic LNG 2 natural gas liquefaction plant.

Novatek's second LNG export facility after Yamal LNG, the 19.8 million mt/year Arctic LNG-2 project is moving closer to the reality after this deal.

The scope of supply under the contract includes three feed gas compressors and six boil-off gas compressors. The document also provides for localizing the equipment fabrication for the Project’s third train in Russia.

“Siemens and Novatek have a successful working relationship as they supplied gas turbine generators and boil-off gas compressors for our Yamal LNG plant.” noted Alexander Fridman, Novatek’s First Deputy Chairman of the Management Board.

“Our next project, Arctic LNG 2, will utilize new technological solutions and employ domestic manufacturers. The supply contract envisages new prospects for localizing the compressor equipment fabrication for the LNG industry, which is consistent with our strategic aim of creating and developing an LNG Center of Excellence in Russia,” Alexander  added.

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 Project is based on the hydrocarbon resources of the Utrenneye field.

As of 31 December 2018, the Utrenneye field’s reserves under the Russian reserves classification totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license.

Categories: Energy LNG Marine Equipment Arctic Operations Arctic

Related Stories

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Big Oil to Look Beyond Middle East as War Raises Risks

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

Current News

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

INPEX Extends Pertamina LNG Pact, Signs Upstream MoU in Southeast Asia

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Big Oil to Look Beyond Middle East as War Raises Risks

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

Big Oil to Reap Billions from Energy Price Surge

UAE Stands Ready to Join Force to Reopen Strait of Hormuz

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com