Russian independent gas producer Novatek said its Arctic LNG 1 subsidiary has won a 27-year exploration and production license in the Yamal region, paving the way for a new liquefied natural gas (LNG) project.
The license includes the Soletsko-Khanaveyskoye field, located in the Gydan Peninsula in Yamal-Nenets Autonomous Region. It is estimated to hold resources of 2.18 trillion cubic meters (Tcm) of gas and 212 million tons of liquids – which Russia believes to be roughly 16 billion barrels of oil-equivalent (Bboe), Kallanish Energy reports.
“The new license area borders Novatek’s Trekhbugorniy and Gydanskiy license areas on the Gydan Peninsula, and allows creation of the resource base for the next LNG project similar to Arctic LNG 2,” the firm said, in a statement.
Liquefaction trains for the potential new project would be located at the Utrenniy terminal, the company added.
The Arctic LNG 2 project is planned to operate three LNG trains with a combined capacity of 19.8 million tonnes per annum (Mtpa), using gravity-based structure (Gbs) platforms and resources from the onshore Utrenneye field.
Novatek owns 60% of the project, in partnership with Total (10%), Cnpc (10%), Cnooc (10%) and the Mitsui-Jogmec consortium (10%).
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