Novatek may begin shipping the first batch of liquefied natural gas from the first line of the Arctic LNG-2 project as early as February, Russian Deputy Prime Minister Alexander Novak was quoted by TASS as saying.
The participants of the Arctic LNG 2 project are Novatek, the largest independent producer of natural gas in Russia (60%), the French corporation TotalEnergies (10%), Chinese CNPC (10%) and CNOOC (10%), The Japan Arctic LNG, a consortium that is 25% owned by Mitsui and 75% owned by JOGMEC, holds a 10% stake in Arctic LNG-2.
It is planned to construct a total of three LNG production lines for the project with a design capacity of 6.6 million tons of LNG per year each and up to 1.6 million tons of stable gas condensate per year.
The resource base of the project is the Morning field, located on the Gydan Peninsula in the Yamalo-Nenets Autonomous District. The launch of the first and second lines is planned in 2024, and the third in 2026.
Alex Shishlo for Rough&Polished
