Arctic LNG 1 Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Arctic LNG 1 Terminal is a proposed LNG terminal in Gydan Peninsula, Yamal-Nenets region, Russia.
- Owner: Novatek
- Location: Gydan Peninsula, Yamal-Nenets region, Russia
- Coordinates: (approximate)
- Type: Export
- Status: Proposed
- Start Year: 2023-2026
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
In March 2021, Novatek subsidiary Arctic LNG 1 won an exploration and development license for a large block on the Gydan Peninsula in northern Russia's remote Yamal-Nenets region. According to the Russian Natural Resources & Environment Ministry, the subsidiary paid 775 million roubles ($10.2 million) for the North Gydansky block, just 70 million roubles over the starting price in the auction. The company has yet to determine the capacity and assets to be allocated to its next liquefied natural gas projects on Gydan, Arctic LNG 1 and Arctic LNG 3. These will come online after Novatek commissions its first LNG development on the Peninsula — known as Arctic LNG 2 — between 2023 and 2026.
In April 2021, Novatek's Arctic LNG 1 was seeking urgent onsite surveys for planned Russian export trains. The project is set to come online before 2030, soon after commissioning of another major LNG development, the Arctic LNG 2 Terminal.
Articles and resources
- Vladimir Afanasiev, Novatek's Arctic LNG 1 seeks urgent onsite surveys for planned Russian trains Upsteam Online, April 21, 2021
- Vladimir Afanasiev, Novatek boosts Russian LNG ambitions with new block award in remote region Upsteam Online, March 29, 2021