Yamal LNG owners issue FID

Owners have taken a final investment decision for Yamal LNG, according to minority interest holder Total SA. The 16.5-million tonne/year liquefaction plant will be built on the Yamal Peninsula on the Kara Sea with first-train start-up set for 2017.

The $27 billion project consists of developing giant onshore South Tambey gas and condensate field on the peninsula, three 5.5-million tpy trains, LNG storage tanks, and port infrastructure at Sabetta. As many as 16 icebreaking LNG carriers will be commissioned to handle international trade via the Arctic Ocean.

Operator Yamal LNG JSC is currently owned by Total (20%) and Novatek (80%). In September, Novatek and China National Petroleum Corp. agreed to CNPC acquiring 20% of the project. In April, Yamal LNG JSC let contract for engineering, procurement, supply, construction, and commissioning on the LNG plant to a consortium of France’s Technip and Japan’s JGC (OGJ Online, Apr. 5, 2013).

Related Articles

Canadian firms plan BC gas plant, target LNG export

08/19/2014 AltaGas Ltd. and Painted Pony Petroleum Ltd., both of Calgary, have agreed to develop processing and marketing of natural gas and NGLs for Painted ...

Companies plan to connect Pioneer Rail terminal, Bakken gathering line

08/19/2014 Dakota Plains Holdings Inc., Wayzata, Minn., and Hiland Partners LP unit Hiland Crude LLC reported signing an interconnection agreement that will l...

Aramco's August price differentials drop for non-US destinations

08/18/2014

Saudi Aramco has reduced its August price differentials for destinations outside the US, especially Europe.

US crude exports seen helping consumers

08/18/2014 Ending the US ban on exports of crude oil would hurt refiners now profiting from low feedstock costs but help producers and consumers, says an anal...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected