Novatek plans three liquefaction trains with combined capacities of 19.8 million tpy of LNG from gas produced at Utrenneye gas and condensate field. The trains will be installed atop gravity-based structures in the Gulf of Ob.
The site is across the gulf from Novatek’s Yamal LNG plant, the first 5.5-million-tpy train of which started up late last year (OGJ Online, Dec. 6, 2017).
Total is a 20% partner in Yamal LNG and holds a 19% stake in Novatek. Through its acquired interest and holding in Novatek, Total will have an effective interest of 21.5% in Arctic LNG 2 if Novatek retains its 60% share.
If Novatek decides to reduce its interest in the project, Total will be able to increase its direct share to as much as 15%.
The companies also agreed that Total will have the opportunity to acquire 10-15% direct interests in future Novatek LNG projects on the Yamal and Gydan Peninsulas.
The companies plan to make a final investment decision about Arctic LNG 2 next year, targeting start-up of the first train by the end of 2023.
Utrenneye field has reserves, based on the Russian classification system, of 1.582 billion cu m of natural gas and 65 million tonnes of liquids.