Arctic LNG Terminal Doubles Capacity
The maiden shipment of liquefied natural gas (LNG) from the Yamal LNG export facility’s second train is ready to leave the Sabetta, Russia, facility, Total reported Thursday.
“Following the successful start-up of Yamal LNG in December last year, the first shipment from the second train ahead of schedule is another major milestone for this world-class LNG project,” according to Patrick Pouyanné, chairman and CEO of Total, which owns a 20-percent stake in the Yamal LNG Co. Other owners include Russian independent gas producer Novatek (50.1 percent) and Silk Road Fund (9.9 percent).
In its statement to the press Thursday, Total noted that the second train adds 5.5 million tons per annum (mtpa) of LNG capacity to Yamal and raises total capacity to 11 mtpa. Capacity is set to rise again to 16.5 mtpa when the third and final train starts up in early 2019, the company stated. In addition to the three 5.5-mtpa trains, the Yamal project – located above the Arctic Circle – includes storage tanks as well as port and airport infrastructure, Total stated. The complex production from the onshore South Tambey gas and condensate field on the Yamal Peninsula. According to the project’s website, the field’s proven and probable natural gas reserves amount to approximately 926 billion cubic meters. LNG from Yamal, as well as 1.2 mtpa of gas condensate, will reach markets in Asia-Pacific and Europe.
“The Yamal LNG production adds competitive LNG resources to our growing portfolio,” said Pouyanné. “We will keep developing new LNG projects in the Russian Arctic with our strategic partner Novatek, as illustrated by the recent announcement of our entry in Arctic LNG 2 with 10 percent direct working interest.”
The approximately 19.8-mtpa, three-train Arctic LNG 2 project has been proposed for a site across the Gulf of Ob from Yamal LNG, Total reported in May of this year. The company has stated that it expects a 2019 final investment decision for Artic LNG 2, which would exploit production from the Utrenneye gas and condensate field and could start up by the end of 2023.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Maduro Gets Oil Lifeline From Russia (Mar 05)
- Total Declines Comment on Reported Dutch Sale Cancellation (Feb 22)
- $44B India Refinery Project At Risk (Feb 19)