PAO NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with an annual liquefaction capacity of 19.8 MT under the Arctic LNG 2 project. The contract terms provide for the launch of the first train of the project in 2023.
The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 MTPA 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 2P reserves under PRMS totaled 1,138 B cu m of natural gas and 57 MT of liquids. Under the Russian classification, reserves totaled 1,978 B cu m of natural gas and 105 MT of liquids. OOO Arctic LNG 2 owns an LNG export license. The project’s participants include PAO NOVATEK (90%) and Total (10%).