Related Articles
LNG will be supplied on a Fob Murmansk and Fob Kamchatka basis
Forward article link
Share PDF with colleagues

Arctic LNG 2 inks long-term contracts

Russia's Artic LNG 2 project continues to advance, with the signing of long-term sales and purchase agreements (SPAs) for the entirety of LNG production

Russia’s Novatek has announced that the Arctic LNG 2 joint venture has concluded 20-year SPAs with all project participants. Offtake volumes are in proportion to ownership stakes, and the JV comprises Novatek (60pc), Total (10pc), Chinese NOCs CNPC (10pc) and Cnooc (10pc) and Japan Arctic LNG (10pc), which is a combination of Japanese firms Mitsui and Jogmec. LNG sales from the project’s first liquefaction train are scheduled to start in 2023. The development will eventually comprise three 6.6mn t/yr trains for a total capacity of 19.8mn t/yr, plus an additional total across the three trains of 1.6mn t/yr in condensate production capacity. 2023 - LNG sales to start The SPAs g

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Offshore exploration heats up in Guyana
18 June 2021
Production from the Liza project is ramping up, but operators still have plenty of exploration options ahead
Indonesia’s upstream shifts as IOCs exit
17 June 2021
State-owned Pertamina may see further expansion of its role if more international firms exit without finding alternative buyers
Election setback for Mexican president
17 June 2021
Efforts to can Mexico’s historic energy reforms face further hurdles after government fails to sweep Congressional mid-terms
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video