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    Novatek reaches 1.6-million tpy Arctic LNG 2 sales agreements


    January 27, 2022 - Indian Oil And Gas News

     

      January 27 -- PAO Novatek subsidiary Novatek Gas & Power Asia Pte. Ltd. has signed long-term sales agreements for production from its 19.8-million tonne/year (tpy) Arctic LNG 2 project with Zhejiang Energy Gas Group, a subsidiary of the Zhejiang Provincial Energy Group, and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co. Ltd.

      The Zhejiang contract is for 1-million tpy over 15 years, delivered ex-ship (DES) to Zhejiang Energy’s LNG terminals in China, and follows a heads-of-agreement reached between the parties last year (OGJ Online, June 2, 2021). The 11-year contract with ENN is for 600,000 tpy sent DES to its 6-million tpy Zhoushan LNG terminal.

      Arctic LNG 2 will use three 6.6-million tpy liquefaction trains. The plant will also produce 1.6-million tpy of gas condensate.

      Natural gas feedstock will be supplied from Utrenneye field, with 2P reserves under the Petroleum Resources Management System of 1.434 billion cu m and 90 million tons of liquids.

      Project participants include: Novatek (60%), TotalEnergies SE (10%), China National Petroleum Corp. (10%), China National Offshore Oil Corp. (10%), and Japan Arctic LNG, a consortium of Mitsui & Co Ltd. and Japan Oil, Gas and Metals National Corp. (10%).

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