RUS | ENG
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-04-08 11:30:00

RUSSIA'S NOVATEK LNG 140 MMT

RUSSIA'S NOVATEK LNG 140 MMT

PLATTS - Russian independent gas producer Novatek sees the resource base at Northern Yamal and Gydan peninsulas as allowing for output of 140 million mt/year of LNG, CEO Leonid Mikhelson said Friday.

Novatek has led an increase in Russian LNG output in recent years, bringing three trains, with 5.5 million mt/year capacity each, onstream at its Yamal LNG project.

It has already started work on the follow-up 19.8 million mt/year Arctic LNG 2 project. The company plans to finalize project partners and take a final investment decision this year.

Mikhelson called for the creation of an LNG cluster in the region, saying Russia was technologically ready to set one up.

"By our estimates the resource base of Yamal and Gydan alone will allow for production of 140 million mt/year of LNG," Mikhelson said at an industry event in Moscow.

"Technologically we are already ready to target such aims," he said, adding the target would allow Russia to increase its market share to 20%.

Mikhelson said LNG projects already announced would bring sufficient capacity on stream to maintain Russia's 10% stake in the global market.

The development of the LNG projects was also likely to underpin Novatek's role as Russia's sixth-biggest liquids producer.

Novatek has not ruled out gas condensate production within the Arctic LNG-2 project could growing to 2 million mt/year, compared with 1.2 million mt/year seen initially, Russia's Prime news agency reported.

The upward revision followed the recent discovery of additional reserves in the project's resources area, the report quoted Mikhelson as saying.

The company can reconsider plans for liquids output as additional reserves of around 400 Bcm were discovered last year in the Jurassic horizon, with higher concentration of gas condensate, Mikhelson said, according to Prime.

----- 

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.


Earlier:

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 3, 11:25:00

АРКТИЧЕСКИЕ ПРОЕКТЫ РОССИИ

"Арктические проекты в целом - это огромный потенциал для развития энергетики страны. На севере Ямала уже построили новый завод по производству СПГ, это мощный импульс для развития Сибири" - сказал Александр Новак.

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 1, 11:27:00

RUSSIA'S LNG WILL UP

TASS - The share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040, Russia’s Energy Minister Alexander Novak said at the Krasnoyarsk Economic Forum on Friday.

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 1, 11:00:00

RUSSIA'S GAZPROM LNG

Russian gas producers Gazprom and RusGazDobycha will start a major gas processing and liquefaction project near the Baltic Sea port of Ust-Luga, Gazprom said on Friday.

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 1, 10:55:00

RUSSIA'S LNG ELECTRICITY

Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic.

RUSSIA'S NOVATEK LNG 140 MMT
2019, March, 22, 10:30:00

COMPETITIVE RUSSIAN LNG

Russian LNG is well positioned to compete with North American projects to reach new markets in Asia and the Atlantic Basin despite the challenges, a Shell executive said Wednesday at the LNG Congress in Moscow.

RUSSIA'S NOVATEK LNG 140 MMT
2019, March, 7, 12:00:00

LNG TO EUROPE UP

PLATTS - The US and Russia saw the greatest year-on-year growth of LNG exports to Europe in February, on the back of higher production and flexible, price-driven supplies,

RUSSIA'S NOVATEK LNG 140 MMT
2019, March, 6, 11:50:00

RUSSIA, QATAR COOPERATION

GULF TIMES - As part of his official visit to Qatar, Russia’s Foreign Minister Sergei Lavrov and his accompanying delegation paid a visit to the Gas Exporting Countries Forum (GECF) Secretariat in Doha

All Publications »
Tags: RUSSIA, NOVATEK, LNG, GAS

Chronicle:

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 17, 11:10:00

RUSSIA'S ARCTIC ENERGY

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 17, 11:05:00

NUCLEAR FOR BETTER LIFE

Alexey Likhachev reminded the audience that the Forum motto is “Nuclear for better life”. Each sphere of human activity is affected by the achievements of nuclear industry. “Peaceful atom is associated with all aims and goals of UN sustainable development program. This Forum will become a space for discussing newest technologies that will lay the basis for the future of our planet”, Mr Likhachev emphasized.

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 17, 11:00:00

RUSSIA, DUBAI INVESTMENT

The investment incentives provided by Dubai government and the business opportunities up for grabs on the horizon were the crux of a meeting officials of the Dubai Land Department, DLD, had with a Russian delegation who participated in the recently concluded Annual Investment Meeting 2019.

RUSSIA'S NOVATEK LNG 140 MMT
2019, April, 17, 10:55:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.

All Publications »