Founded 7 April 2005 | Parent organization NOVATEK | |
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Yamal lng teekay investor day 2014
Yamal LNG is a proposed liquefied natural gas plant at Sabetta, north-east of the Yamal Peninsula, Russia. The project is expected to cost US$27 billion.
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The planned LNG plant will have three trains with total capacity of 16.5 million tonnes of liquefied natural gas per year. First train will be operational by the end of 2017 and the full capacity will be achieved by 2021.
The plant will be designed and commissioned by consortium of Technip and JGC Corporation, and Chiyoda. In addition to the LNG plant, the project includes construction of a seaport and airport as also a power plant. The power plant will be built by Technopromexport and its turbines will be supplied by Siemens. The power plant will have capacity of 282 MW and it would be operational by 2018. Construction of the port facilities to start in September 2013.
The LNG plant will be supplied mainly from the Yuzhno-Tambeyskoye gas field. The main export market for LNG would be China. LNG would be shipped to Asian markets through the Northeast Passage. Daewoo Shipbuilding & Marine Engineering is contracted to build up to sixteen Arc7 double acting ice-class gas tankers for the project. Tankers will be chartered and operated by Sovcomflot.
The project is developed by JSC Yamal LNG. Novatek owns 50.1% stake in the company while Total S.A. and CNPC own 20% each with China's Silk Road Fund has signed agreement to purchase 9.9% stake. General director of the company was Gleb Luxemburg and from September 2014 Evgeny Kot has been appointed the CEO of Yamal LNG. Also alternative project named Yamal LNG was proposed by Gazprom. In November 2008, Gazprom announced that it prepares a list of potential partners for the LNG plant of the Yamal project. Although the list was not disclosed, Gazprom indicated that ExxonMobil and ConocoPhillips were included on the list. Also Royal Dutch Shell, Repsol YPF and Petro-Canada were mentioned as potential partners.