Arctic LNG 1 Terminal

From Global Energy Monitor
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Arctic LNG 1 Terminal is a proposed LNG terminal in Gydan Peninsula, Yamal-Nenets region, Russia.[1]

Location

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Project Details

  • Owner: Novatek[2]
  • Parent company: Novatek
  • Location: Gydan Peninsula, Yamal-Nenets region, Russia[2]
  • Coordinates: 70.908942, 74.056130(approximate)[3]
  • Type: Export[1]
  • Capacity: 19.8 mtpa[4]
  • Status: Proposed[1]
  • Start Year: 2027[4]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

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, known as Arctic LNG 1 and Arctic LNG 3.[2]

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, though its development is likely contingent on commissioning of the Arctic LNG 2 Terminal, which is slated for completion between 2023 and 2026.[1][2][5] As of September 2021, Novatek was expected to make a final investment decision (FID) on Arctic LNG 1 in 2023 or 2024, with construction expected to start in 2026 or 2027.[4]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 Vladimir Afanasiev, Novatek's Arctic LNG 1 seeks urgent onsite surveys for planned Russian trains Upsteam Online, April 21, 2021
  2. 2.0 2.1 2.2 2.3 Vladimir Afanasiev, Novatek boosts Russian LNG ambitions with new block award in remote region Upsteam Online, March 29, 2021
  3. Vladimir Afanasiev, Arctic LNG 2 Project NS Energy, accessed May 19, 2021
  4. 4.0 4.1 4.2 "Russian LNG Aims High, Leveraging Big Reserves and Logistical Advantages". Journal of Petroleum Technology. September 1, 2021.
  5. "Can Russia Execute a Gas Pivot to Asia?". CSIS (Center for Strategic & International Studies). May 4, 2022.

Related GEM.wiki articles

External resources

External articles