Novatek in Arctic LNG 2 Deal with TechnipFMC

May 21, 2019

Image: Novatek
Image: Novatek

Russian largest independent gas producer and liquefied natural gas (LNG) player Novatek signed a deal with TechnipFMC for its Arctic LNG 2 project.

The contract was signed on engineering, procurement, supply, construction and commissioning (EPC) of an integrated liquefied natural gas facility with an annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project, said a press release from the Russia's second largest natural gas producer.

The contract terms provide for the launch of the first train of the project in 2023, said the release.

“The team, which implemented the unique Yamal LNG project in record time and on budget, has now joined an even larger and more innovative project,” noted Novatek’s Chairman of Management Board Leonid Mikhelson.

“We are confident that the accumulated experience of mutual cooperation on the construction of LNG plants in the Arctic zone will also ensure the successful and timely implementation of our new project Arctic LNG 2,” Leonid 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.

Categories: Energy LNG Arctic


Current News

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Sinopec Weighs Output Cuts Due to Freight Rate Surge

Small Scale FSRU: Think Smarter Not Bigger

Small Scale FSRU: Think Smarter Not Bigger

TechnipFMC Wins EPC Contract from PetroVietnam

TechnipFMC Wins EPC Contract from PetroVietnam

BP to Shut West Chirag Platform for Maintenance

BP to Shut West Chirag Platform for Maintenance

Exxon Appoints Bank to Sell Malaysia Assets

Exxon Appoints Bank to Sell Malaysia Assets

Oxy Books Supertanker for a Record $13.25 Mln

Oxy Books Supertanker for a Record $13.25 Mln

Sinopec Resumes Production at Sichuan Gas Processing Unit

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