Yakutia LNG Project
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Yakutia LNG Terminal (Russian: Якутский СПГ, Якутский газовый проект) is a liquefied natural gas (LNG) export terminal proposed in Russia.[1] This terminal is different from LNG Yakutia Terminal.
Location
The terminal is proposed to be located near Ayan, a coastal town in Khabarovsk Krai, Russia.[1]
Project details
Phase I
- Operator: Yakutsk Fuel and Energy Company[2]
- Owner: A-Property; Globaltek; Zhejiang Energy International Limited [10%][3][4]
- Parent company: A-Property; Globaltek; Zhejiang Energy[5]
- Location: Ayan, Khabarovsk Krai, Russia[1]
- Coordinates: 56.46027167, 138.1529212 (approximate)[1]
- Capacity: 8.9 mtpa[6]
- Trains: 2 (4.5 mtpa each)[6]
- Status: Proposed[2]
- Type: Export[1]
- Start year: 2027[5]
- Cost: €5 billion (which appears to include the cost of the pipeline)[5]; USD 30-35 billion for both phases (includes associated infrastructure)[6]
- Financing:
- FID status: pre-FID
- Associated infrastructure:
Phase II, Expansion
- Operator: Yakutsk Fuel and Energy Company[2]
- Owner: A-Property; Globaltek; Zhejiang Energy International Limited [10%][7][8]
- Parent company: A-Property; Globaltek; Zhejiang Energy[5]
- Location: Ayan, Khabarovsk Krai, Russia[1]
- Coordinates: 56.46027167, 138.1529212 (approximate)[1]
- Capacity: 9.1 mtpa[6]
- Trains: increase in capacity only[6]
- Status: Proposed[6]
- Type: Export[1]
- Start year:
- Cost: USD 30-35 billion for both phases (includes associated infrastructure)[6]
- Financing:
- FID status:
- Associated infrastructure:
Background
The project was proposed in 2022. It will be built to export LNG sourced from gas condensate fields near Kysyl-Syr, Russia. A ~1300-kilometer pipeline is also proposed, to carry gas from these fields to the coastal Yakutia LNG Terminal. The proposal noted that the capacity of the terminal would be 18 mtpa or more.[1]
The project involves two phases:
Phase 1: Construction of an 8.9 mtpa LNG plant (2 x 4.5 mtpa trains), gas condensate production will amount to 0.8 million tons/year. Construction of the 1358-km pipeline to Ayan in Khabarovsk Territory with two compressor stations, drilling more than 100 wells for production of 15 bcm/year of gas.
Phase 2: Increase LNG production capacity up to 18 mtpa, and for condensate - up to 1.5 million tons/year, increase gas production capacity - up to over 28 bcm/year and add one more compressor station.[6]
The Kysyl-Syr-Amga-Ayan Gas Pipeline is intended to transport gas from existing gas fields (Srednevilyuiskoye, Mastakhskoye, Tolonskoye, Tymtaidakhskoye gas condensate fields, and other licensed areas of YATEC PJSC) to the LNG refinery in Ayan, Khabarovsk Krai.[9][10] The project will involve construction of a gas pipeline from central Sakha-Yakutiya (sections Kysyl-Syr - Amga and Amga - Ayan) to the coast of the Sea of Okhotsk, construction of 3 intermediate compressor stations and potential connection of 14 residential areas to gas supply.[6][11]
In January 2022, a consortium consisting of Japan’s JGC and Norway’s Aker Solutions won a front-end engineering design contract for the project.[12] Design work commenced and is expected to last 2 years. A-Property expect to take a final investment decision on the first phase of the project at the end of 2023 and to complete the project by 2027.[12]
As of July 2023, the cost of the entire project was estimated to be 30-35 billion USD which includes a pipeline and additional associated infrastructure. The front-end engineering design is ongoing and is expected to be completed in the fall of 2023. YATEC continues to search for a strategic partner for the implementation of the project.[6][11]
According to the company's 2022 Annual Report, the Yakutiya LNG project is under development. With the launch of the project, YATEC hopes to begin LNG supplies to the markets of China, India, Japan and South Korea by 2035.[13]
In March 2024, it was reported that Globaltec had fulfilled its tasks of contracting surveys and a front-end engineering design study on the planned LNG facility and passed all related technical documentation to Yatek.[14]
Sanctions
In November 2024, the U.S. imposed sanctions on several Russian-based companies involved in the development of the future Yakutia LNG Project in connection with the Russia's invasion of Ukraine. They include Power of Yakutia LLC, Yakutstroiproekt LLC and Liquefied Natural Gas Yakutia LLC .[15][16] These measures have introduced significant obstacles to the project's progress.
Competing proposal
In March 2024, the Yakutia regional government said that in anticipation of higher gas production in the region, plans have been drafted to build a mid-scale LNG plant with an initial capacity of 175,000 tpa, and with further phases bringing its ultimate capacity to 525,000 tpa. The aim of this local facility — dubbed LNG Yakutia — is to deliver LNG to local customers without access to pipeline gas, and to export LNG in cryogenic rail cars to China.[17]
Ownership
The project's developer is Globaltec LLC. 51% of Globaltec LLC belonged to A-Property, with the remaining 49% owned by YATEC PJSC. A-Property also controls YATEC. According to YATEC's data as of September 2023, A-Property is 100% owned by Russian magnate Albert Avdolyan, while YATEC itself is owned by Avdolyan and his partners.[18]
In January 2022, it was reported that Zhejiang Energy of China was planning to buy a 10% stake in the Yakutiya LNG project in January 2022. This included stakes in both YATEC itself and Globaltec.[19] However, there have not been any updates on whether the deal had been finalized.
According to Russian corporate registry records, in March 2024, Avdolyan passed control of Globaltek to a Russian individual identified as Andrey Ni, with the switch taking place after Globaltek was included in February 2024 on an updated list of companies targeted by U.S. sanctions imposed in response to the Russia’s invasion of Ukraine.[17]
In March 2025, reports indicated that Globaltek LLC had entered official liquidation proceedings, with the company anticipated to cease all operations by February 2026. [20][21] This development casts further uncertainty over the future of the Yakutia LNG project, which had already faced logistical and geopolitical challenges.
Current status
The project was not included into the "Energy Strategy of the Russian Federation until 2050", released by the Ministry of Energy of Russia in April 2025.[22] As of June 2025, there have not been any further updates about the project.[23]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 "Project page". Globaltec. Archived from the original on 2022-03-15. Retrieved 2022-03-15.
- ↑ 2.0 2.1 2.2 "В ЯТЭК рассказали о ходе работы над Якутским газовым проектом". ПРАЙМ (in русский). 2022-09-14. Retrieved 2023-06-30.
- ↑ "China expands in Russian LNG with Yatek stake buy". Reuters. 2022-01-19. Retrieved 2022-03-15.
- ↑ ""А-Проперти" Авдоляна продаст китайской компании долю в Якутском газовом проекте". Interfax.ru (in русский). 2022-01-19. Retrieved 2023-06-30.
- ↑ 5.0 5.1 5.2 5.3 "Yakutia LNG FEED awarded to Aker Solutions and JGC". Offshore Energy. 2022-01-25. Retrieved 2022-03-15.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 "ЯТЭК продолжает поиск партнера для реализации проекта Якутский СПГ". Neftegaz.ru. July 6, 2023. Retrieved Apr 24, 2024.
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: CS1 maint: url-status (link) - ↑ "China expands in Russian LNG with Yatek stake buy". Reuters. 2022-01-19. Retrieved 2022-03-15.
- ↑ ""А-Проперти" Авдоляна продаст китайской компании долю в Якутском газовом проекте". Interfax.ru (in русский). 2022-01-19. Retrieved 2023-06-30.
- ↑ "Pеспублика Саха и Хабаровский край". Globaltec. 2021. Retrieved Jul 7, 2022.
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: CS1 maint: url-status (link) - ↑ "Sakha Republic and Khabarovsk Krai". Globaltec. 2021. Archived from the original on Jul 7, 2022. Retrieved Jul 7, 2022.
- ↑ 11.0 11.1 "В Якутии построят газопровод от Кысыл-Сыра до побережья Охотского моря". YakutiaMedia.ru. March 3, 2023. Retrieved July 24, 2023.
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: CS1 maint: url-status (link) - ↑ 12.0 12.1 "Aker Solutions and JGC win Yakutia LNG gig in Russia". LNGprime.com. Jan 25, 2022. Retrieved Jul 7, 2022.
- ↑ "YATEC 2022 Annual Report" (PDF). YATEC. July 3, 2023. Retrieved July 24, 2023.
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: CS1 maint: url-status (link) - ↑ "Billionaire transfers control of key Russian LNG project to unknown operator". www.upstreamonline.com. March 28, 2024. Retrieved July 15, 2024.
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: CS1 maint: url-status (link) - ↑ "Russian Arctic LNG 2 Project Partners are Sanction Targets". MarineLink. November 4, 2024. Retrieved June 2, 2025.
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: CS1 maint: url-status (link) - ↑ "США ударили по новому российскому газовому проекту". lenta.ru. November 1, 2024. Retrieved June 1, 2025.
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: CS1 maint: url-status (link) - ↑ 17.0 17.1 "Billionaire transfers control of key Russian LNG project to unknown operator". www.upstreamonline.com. March 28, 2024. Retrieved July 15, 2024.
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: CS1 maint: url-status (link) - ↑ "Авдолян продал SPV "Якутского СПГ"". Interfax. March 27, 2024. Retrieved July 15, 2024.
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: CS1 maint: url-status (link) - ↑ "China's Zhejiang Energy to buy stake in Russia's Yakutia LNG project". lngprime.com. January 21, 2022. Retrieved July 15, 2024.
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: CS1 maint: url-status (link) - ↑ "https://www.msk-post.com/economics/ends-in-the-water-avdolyan-hides-traces-of-the-collapse-of-the-gmz-through-liquidation-34686/". The Moscow Post. March 11, 2025. Retrieved June 1, 2025.
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: External link in
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- ↑ "Авдолян закрывает компании, связанные с банкротством ГМЗ". КАРТОТЕКА. March 10, 2025. Retrieved June 1, 2025.
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: CS1 maint: url-status (link) - ↑ "Энергетическая стратегия Российской Федерации на период до 2050 года" (PDF). Ministry of Energy of Russia. April 12, 2025. Retrieved May 28, 2025.
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: CS1 maint: url-status (link) - ↑ "Россия откажется от СПГ?". itek.ru. November 15, 2024. Retrieved June 1, 2025.
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: CS1 maint: url-status (link)