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
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video