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Home Turkish Maritime News Novatek to complete the final line of Arctic LNG-2 early

Novatek to complete the final line of Arctic LNG-2 early

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Russian energy company Novatek aims to complete the third line of its Arctic LNG 2 plant one year ahead of schedule.

Novatek, Russia’s largest independent natural gas producer, announced that they plan to complete the construction of the third and final line of the Arctic LNG-2 liquefied natural gas plant, the second LNG project in the Arctic, by 2025.

Novatek previously announced that they will commission the first line in 2023, the second line in 2024 and the third line in 2026.

In a statement, Novatek CEO Leonid Mikhelson stated that, despite COVID-19, they did not deviate from the Arctic LNG 2 application program, “Previously, we planned the third line in 2026, but now the lines will be launched in 2023, 2024 and 2025.”

Located in Russia’s Yamal-Nenets Autonomous Region (Yamalya), the Project includes the construction of three LNG lines, each with a capacity of 6.6 million tons/year of LNG and at least 1.6 million tons/year of fixed condensed gas. The total LNG capacity of the three lines will be 19.8 million tons/year.

In the Arctic LNG 2 project, apart from Novatek and French Total, Chinese CNPC and CNOOC companies and Japanese Mitsui and Jogmec companies also have shares.

SEA NEWS AGENCY



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