Yamal LNG

Yamal LNG is a proposed liquefied natural gas plant at Sabetta, north-east of the Yamal Peninsula, Russia.[1] The project is expected to cost US$27 billion.[2]

The planned LNG plant will have three trains with total capacity of 16.5 million tonnes of liquefied natural gas per year.[1][3] First train will be operational by the end of 2017 and the full capacity will be achieved by 2021.[4]

The plant will be designed and commissioned by consortium of Technip and JGC Corporation, and Chiyoda.[1] In addition to the LNG plant, the project includes construction of a seaport and airport as also a power plant.[5] The power plant will be built by Technopromexport and its turbines will be supplied by Siemens. The power plant will have capacity of 282 MW and it would be operational by 2018.[6] Construction of the port facilities to start in September 2013.[7]

The LNG plant will be supplied mainly from the Yuzhno-Tambeyskoye gas field.[1] The main export market for LNG would be China.[8] LNG would be shipped to Asian markets through the Northeast Passage.[9] Daewoo Shipbuilding & Marine Engineering is contracted to build up to sixteen Arc7 double acting ice-class gas tankers for the project.[5] Tankers will be chartered and operated by Sovcomflot.[10]

The project is developed by JSC Yamal LNG. Novatek owns 50.1% stake in the company while Total S.A. and CNPC own 20% each with China's Silk Road Fund has signed agreement to purchase 9.9% stake.[11] General director of the company was Gleb Luxemburg [3] and from September 2014 Evgeny Kot has been appointed the CEO of Yamal LNG.[12] Also alternative project named Yamal LNG was proposed by Gazprom. In November 2008, Gazprom announced that it prepares a list of potential partners for the LNG plant of the Yamal project. Although the list was not disclosed, Gazprom indicated that ExxonMobil and ConocoPhillips were included on the list.[13] Also Royal Dutch Shell, Repsol YPF and Petro-Canada were mentioned as potential partners.[13]

References

  1. 1 2 3 4 Griffin, Rosemary (1 April 2013). "Technip, JGC win tender to build Russian Yamal LNG plant". Platts. Retrieved 25 July 2013.
  2. ↑ Belsinski, Scott (2 April 2015). "Putin May Have Last Laugh Over Western Sanctions". Oilprice.com. Retrieved 6 April 2015.
  3. 1 2 Griffin, Rosemary (22 May 2013). "Russia's Yamal LNG to fully market LNG from project, take FID regardless of export rights". Platts. Retrieved 25 July 2013.
  4. ↑ Staalesen, Atle (11 February 2015). "Partners raise bets in Yamal LNG". Barents Observer. Retrieved 6 April 2015.
  5. 1 2 "Daewoo to Build Ice-Class Tankers for Yamal LNG". Downstream Today. Interfax. 5 July 2013. Retrieved 25 July 2013.
  6. ↑ "Siemens to Supply Turbines for Yamal LNG Power Plant". The Moscow Times. 19 July 2013. Retrieved 25 July 2013.
  7. ↑ Kalinin, Andrey. "Seaport Sabetta" (PDF). Aker Arctic. Retrieved 25 July 2013.
  8. ↑ Arkhipov, Ilya; Rudnitsky, Jake (21 July 2013). "CNPC to Join Novatek's Yamal LNG Project With 20% Stake". Bloomberg. Retrieved 25 July 2013.
  9. ↑ Kramer, Andrew E. (24 July 2013). "Polar Thaw Opens Shortcut for Russian Natural Gas". The New York Times. Retrieved 25 July 2013.
  10. ↑ "Russia: Sovcomflot, NOVATEK and VEB to Cooperate in Yamal LNG Project". World Maritime News. 21 June 2013. Retrieved 25 July 2013.
  11. ↑ Kobzeva, Oksana; Golubkova, Katya (8 September 2015). "Russia's Sberbank says to decide on Yamal LNG financing terms by month-end". Reuters. Retrieved 27 October 2015.
  12. ↑ Mackenzie, Rhod (24 September 2014). "E. Kot is appointed a CEO of Yamal LNG". Rusmininfo. Retrieved 15 January 2016.
  13. 1 2 "Gazprom makes Yamal LNG partner list". Upstream Online. NHST Media Group. 18 November 2008. Retrieved 1 January 2009.

External links

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