Novatek has announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated LNG facility with a liquefaction capacity of 19.8 million tpy 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 aims to construct three LNG trains at 6.6 million tpy 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 1138 billion m3 of natural gas and 57 million t of liquids. Under the Russian classification reserves totalled 1978 billion m3 of natural gas and 105 million t of liquids.
“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”.
The project’s participants are Novatek (90%) and Total (10%).
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/21052019/arctic-lng-2-and-technipfmc-sign-epc-contract-for-new-plant/
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