Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit. Taking into account its 19.4 percent stake in Novatek, its overall share is 21.6 percent. The project will be the Russian company’s second liquified natural gas production facility in the Arctic following on the heels of the Yamal LNG plant. TechnipFMC Awarded a Major Contract for the Arctic LNG 2 Project in West Siberia . But opting out of some of these cookies may have an effect on your browsing experience. Construction began earlier this spring on the Gydan Peninsula, just across the Ob delta from the Yamal LNG project on the Yamal peninsula. QMW will undertake fabrication engineering, partial procurement, construction, and pre-commissioning scope. Besides delivering LNG to long-term project investors in China, Novatek continues to push into the European market. Companies sign deals to construct carriers for Arctic LNG 2. Arctic LNG 2 project is a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News: TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a major (1) Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the … With the new supply contracts, the company aims to diversify its offerings, especially to regions that are not connected to the network of Russian natural gas pipelines, such as the Iberian peninsula. The Wison Offshore & Marine started its procedures for the Novatek Arctic LNG 2 project. It is mandatory to procure user consent prior to running these cookies on your website. The development will consist of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity-based structure platforms. The scope of work covers the EPC of the three LNG trains and associated topsides, which will be manufactured on a modular basis in Asian and Russian yards. This website uses cookies to improve your experience while you navigate through the website. China acquires 20 percent stake in Novatek’s Arctic LNG 2 Project. Total, the world's second largest private LNG player, owns 10 percent of interest in the project. At the end of 2018 the company announced that it will deliver its product to the port of Zeebrugge in Belgium from where it can be distributed to Germany’s Ruhr region and across Europe. The value of the contract is expected to be in range between $50m and $250m. Work locations: Russia. OOO Arctic LNG 2 is the operator and owner of all the assets. This follows on from the divestment of a 10% stake to Total in March. Arctic LNG 2 Project. Spotted a typo? Have something more to add to the story? To lower the cost of the natural gas, the LNG trains will be built on top of three concrete gravity-based structures which will be held in position by their weight. You also have the option to opt-out of these cookies. The company intends to keep a 60% stake in the project. Novatek operates the Arctic LNG 2 project with a 60% stake. Today, Smulders is an established market leader that offers a full range of services from engineering […], September 17, 2019, ↑ "Yamal-Nenets government approves Salmanovskoye field development project for Arctic LNG-2," The Arctic, June 23, 2017. Novatek and the Belgian company Fluxys, operator of natural gas transmission and storage infrastructure, signed a 20-year contract for LNG transshipment services at Zeebrugge for up to 8 million tons per year. The investment in the Russian project is a strategic move for China for a variety of reasons: It feeds China’s need for LNG: China is the world’s second-largest LNG market and needs to secure supplies fast. The investment in the Russian project is a strategic move for China for a variety of reasons. Novatek’s second plant for liquefying gas in the Arctic region has drawn the interest of several foreign companies, including those from China, Japan, and France. It concerns the participation of Chinese partners in a project similar to Yamal LNG," Novak said. - Novatek signs MoU with the China Development Bank to cooperate in implementing the Arctic LNG 2 project home > Natural Gas , Lng/Lpg 01.11.2017 13:27 Hüseyin Erdoğan Press release | July 23 2019 . The other shareholders are Total (10%), China National Petroleum Corporation (10%), China National Offshore Oil Corporation (10%) and Mitsui/Jogmec (10%). “The agreement is an important milestone in our Arctic LNG 2 project implementation as well as a continuation of our successful cooperation with CNPC,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board. The project participants now include Novatek (60%), Total (10%), CNPC (10%), CNOOC (10%), and the Japan Arctic LNG (10%). Major contract for the records, in the past the Technip France S.A. … Why Arctic LNG-2, '' Arctic. $ 25.5bn Russia commenced in Zhoushan Yard in China the Zhoushan Yard in China, is. 'Ll assume you 're ok with this, but you can opt-out if you.! Long-Term project investors in China, Novatek is thus far sticking with the same project.! 2019 and be completed in mid-2022 also recruiting for all levels Engineers,,. Share of the development of the development of the website, construction and. 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