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Yamal liquefied natural gas project, Russia

14th September 2018

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Yamal liquefied natural gas (LNG) project.

Location
The project is located in the South Tambey gas and condensate field, located on the Yamal peninsula, in Siberia, Russia.

Client
The project is operated by Yamal LNG Company, owned by Russian independent gas producer Novatek (50.1%), Total (20%), CNPC (20%) and the Silk Road Fund (9.9%).

Project Description
The Yamal project has reserves of 4.6-billion barrels of oil equivalent. It includes an integrated gas treatment and liquefaction facility with three trains, each with a capacity of 5.5-million tons a year, storage tanks, and port and airport infrastructure.

At full capacity, the three-train facility will supply 16.5-million tons of LNG a year to Asian and European markets.

Potential Job Creation
The construction of the first train and logistics facilities was successfully completed, with more than 30 000 personnel actively involved on site at peak.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project is estimated at $27-billion.

Duration
The first LNG train was commissioned in December 2017.

The second and third trains will be commissioned in 2018 and 2019 respectively.

Latest Developments
In August, Yamal LNG Company announced that the first shipment of LNG from the second train of the Yamal LNG project was ready to leave Sabetta. This train adds an additional 5.5-million tons a year of LNG capacity to the facility, bringing the total capacity in operation to 11-million tons per year. The third train is expected to start up in early 2019.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Yamal LNG, tel +7 495 228 98 50, fax +7 495 228 98 49 or email yamalspg@yamalspg.ru.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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