Novatek is aiming to produce as much LNG as the world's biggest exporter Qatar and is drawing up plans to build a second plant, known as Arctic LNG 2, on the Gydan Peninsula that juts into the Kara Sea.
With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Saipem has signed an agreement with Technip France and NIPIgaspererabotka to join a joint venture that will provide engineering, procurement and construction (EPC) services for the Arctic LNG 2 project in Russia. OOO Arctic LNG 2 is the operator and owner of all the assets. The Project is based on the hydrocarbon resources of the Utrenneye field.
TechnipFMC has secured a contract to provide engineering, procurement, construction (EPC) services for Novatek’s planned Arctic liquefied natural gas (LNG) 2 project in West Siberia, Russia. Due to this change if you are seeing this message for the first time please make sure you reset your password using the The Italian oil and gas industry contractor’s share of its new contract for the Arctic LNG 2 project is worth around €2.2bn (£2.02bn) Situated in the Gydan peninsula, the development will feature three LNG trains, each with a capacity of 6.6Mtpa. We have recently upgraded our technology platform. The Arctic LNG 2 is a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia, which will be developed using offshore platforms in northern West Siberia. 09909709 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 annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project.
The Arctic LNG 2 project plans to build three LNG trains at 6.6 million tons per annum each, using gravity-based structure platforms.
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announces the availability of its Arctic LNG 2 Project Overview Presentation in connection with its recently announced award of a major Engineering, Procurement and Construction contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in … The three trains will be mounted on Concrete Gravity Based Structures (GBS) in the Gulf of Ob.The Arctic LNG 2 project, which will have a capacity of 19.8MTPA, is being built in the Tazovsky district in the Yamal – Nenets region in the Gydan peninsula with an investment of around $21-23bn (£17.29-18.94bn).The new LNG trains will be realised located in the autonomous administrative region of Yamal – Nenets, in the western part of the Gydan peninsula (Russian Federation).The contract will be carried out under a lump sum and reimbursable basis.Currently, Saipem is designing and building the GBS as part of a €2.2bn (£2.02bn) contract it won in consortium with the Turkish oil and gas services company Renaissance in December 2018.Saipem CEO Stefano Cao said: “Involvement in the works for the construction of the three trains for the Arctic LNG2 project, following the awards of the contracts for the Gravity Based Structures with the same client and the LNG Mozambique Project with Anadarko, reaffirms Saipem’s strategic choice to consolidate its leadership across the entire natural gas value chain”.The Arctic LNG 2 project, which is slated to be brought into service in 2023, will source gas the Utrenneye field, an onshore gas and condensate field in northern West Siberia, having more than seven billion boe of resources.Five Predictions as We Enter the Age of the Energy Transition The project is based on the hydrocarbon resources of the Utrenneye field. Last month, The contract calls for the detailed design, procurement, fabrication, construction, commissioning and start-up of three liquefied natural gas (LNG) trains, each with a capacity of nearly 6.6 million tons per year (MTPA). The field is located in the Gydan Peninsula in YNAO approximately 70 km across the Ob Bay from Yamal LNG.
The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. "The contract is not signed yet, (but Saipem) are expected to become a subcontracting party for the Technip-Linde-NIPIGas consortium," one source close to the project said. As of 31 December 2018, the Utrenneye field’s 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids.
The contract was awarded by Arctic LNG2, a company created by Novatek (60%) and Ekropromstroy (40%). The Utrenneye field is the resource base for Arctic LNG 2.
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announces the availability of its Arctic LNG 2 Project Overview Presentation in connection with its recently announced award of a major Engineering, Procurement and Construction contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.A copy of the Arctic LNG 2 Project Overview Presentation can also be accessed on TechnipFMC’s website (TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. The project has been awarded by Arctic LNG2, a company formed by Novatek JSPC (60%) and Ekropromstroy Ltd (40%). It comprises the detailed design, procurement, fabrication, construction, commissioning and start-up of three liquefied natural gas (LNG) trains, each with a capacity of approximately 6.6 million tons per year (MTPA), which will be installed on Concrete Gravity Based … Photo: courtesy of rawpixel/Pixabay.Saipem has signed an agreement with Technip France and NIPIgaspererabotka to join a joint venture that will provide engineering, procurement and construction (EPC) services for the Arctic LNG 2 project in Russia.The contract was awarded by Arctic LNG2, a company created by Novatek (60%) and Ekropromstroy (40%).Saipem’s share of the contract is worth around €2.2bn (£2.02bn).
Image: Saipem joins Technip France and NIPIgaspererabotka to provide EPC services for Arctic LNG 2 project.
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