Arctic Russia LNG Plant Contracts Awarded
The contract was awarded by JSC Yamal LNG, owned by NOVATEK (NVTK.ME) (80%) and TOTAL (20%). The project will start immediately with a phase of estimation, detailed engineering and early procurement.
The Yamal Peninsula located in Yamal-Nenets autonomous district of northwest Siberia, Russia, extends roughly 700 km (435 mi) and is bordered principally by the Kara Sea, Baydaratskaya Bay on the west, and by the Gulf of Ob on the east.
The facility will have an annual production capacity of 16.5 million tons and will be based of the resources of the South Tambey Gas Condensate field located on the Yamal Peninsula, Russia.
JGC say they have constructed LNG plants around the world that account for about 30% of current global LNG production. JGC is presently involved in four LNG plant EPC projects in Papua New Guinea, Indonesia, Malaysia, and Australia, as well as the FEED work for three others, a floating LNG plant in Malaysia and Indonesia, and an onshore LNG plant in Mozambique.