Novatek has proceeded with the start of the development of the Arctic LNG 2 project in Yamalo-Nenets Autonomous Okrug, Russia.
The US$21 billion project is set to produce approximately 19.8 million tons per year (Mt/year), or 535,000 barrels of oil equivalent per day (boe/d). It will be operated on the remote Gydan Peninsula in northern West Siberia. The project involves the installation of three gravity-based structures in the Gulf of Ob on the three liquefaction trains of 6.6 Mt/year capacity each.
Novatek is partnering with France’s Total SA, Japan’s Mitsui & Co. and China National Petroleum Corp. in the project. Arctic LNG 2 is now set to compete against projects from the U.S. to Mozambique and Papua New Guinea for construction resources and customers.
Country updates
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August 20, 2019
Novatek concludes Arctic LNG 2 deal with Chinese and Japanese investors
Novatek PAO, Russia’s biggest private gas producer, has completed the sale of 30% stake in its upcoming LNG project in Russia, the Arctic LNG 2, to China’s National Petroleum Corporation (...
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July 19, 2019
RusHydro starts construction of Krasnogorskaya-1 and Krasnogorskaya-2 hydropower projects
PJSC RusHydro has started the construction of the two hydropower plants – Krasnogorskaya-1 and Krasnogorskaya-2 -- located on the Kuban River in Karachay-Cherkessia Republic, Russia. ...
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July 08, 2019
Enel, SGC sign 3.8 GW Reftinskaya GRES coal-fired power plant sale-purchase agreement
Enel S.p.A. has announced that its Russian subsidiary Enel Russia PJSC, as the seller, and JSC Kuzbassenergo, owned by Siberian Generating Company (SGC), as the purchaser, signed the sale-purchase agr...
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June 21, 2019
Enel Green Power starts construction of 90 MW Azovskaya wind project in Russia
Enel Green Power (EGP) has started construction of the 90 MW Azov wind farm located in the Rostov region, Southern Russia. The wind farm is owned by the Group’s subsidiary Enel Russia while EGP...
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June 14, 2019
Enel Green Energy to build the 71.25 MW Rodnikovsky wind project in Stavropol
Enel S.p.A. (Enel), through its subsidiary PJSC Enel Russia (Enel Russia), has been awarded to build a new wind project of over 71.25 MW in the 2019 Russian government renewable energy tende...
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