Wood Mackenzie comments on Yamal LNG
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
Wood Mackenzie has commented on Novatek's announcement that it has started production at Yamal LNG.
Samuel Lussac, Senior Research Manager, Russia Upstream Oil & Gas, Wood Mackenzie, said: "Despite challenging operating conditions, Yamal LNG was delivered on time and on budget. This is unusual in the LNG industry, where the projects often experience significant cost overruns or delays.
"With this first exported LNG cargo, scheduled for 8 December, Novatek, once a domestic gas supplier, becomes a global LNG player."
Lussac added: "Largely owing to its low-cost upstream base, Yamal LNG is competitive during the near-term global LNG oversupply. Even though an important milestone has been achieved, there are still risks associated with Yamal LNG performance and logistics. The plant’s first operating months will show whether the plant can operate smoothly in the harsh Arctic environment. Also, the Northern Sea Route transportation is in its early stages of development, and its feasibility as a major LNG delivery route is unclear."
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/06122017/wood-mackenzie-comments-on-yamal-lng/
You might also like
The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process
In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.