Arctic LNG 2

Project

The Project will build three liquefaction trains producing a total of 19.8 MTPA of LNG and up to 1.6 MTPA of SGC.

The Project employs an innovative construction concept using gravity-based structures (GBS) that will bear the LNG trains. No LNG plant construction works at the Project site significantly minimizes the environmental footprint.

Northern climate and cutting-edge energy efficiency technology will enable the plant to be more than 30% below the sector average in terms of GHG emissions per ton of LNG produced.

The LNG carrier fleet currently being constructed for transportation of Arctic LNG 2 products will run on LNG, which is one of the cleanest marine fuels.

Arctic LNG 2's environmental characteristics will ensure its long-term competitiveness amidst the transition to low-carbon economy and increasing requirements for LNG projects to cut CO2 emissions.

19.8

19.8 MTPA is the
production capacity of the
three Arctic LNG 2 trains

1,434

Proved and probable
PRMS reserves
of the Utrenneye field
are 1,434 bcm of natural gas
(as of 31.12.2020)

Proved and probable
PRMS reserves
of the Utrenneye field
are 90 million t
of liquid hydrocarbons
(as of 31.12.2020)

Project
development

In 2018, we completed the front-end engineering design (FEED) and started site preparation, construction of early phase power supply facilities, production wells drilling, and construction of the quayside.

The participants of Arctic LNG 2 approved a final investment decision (FID) for the project in September 2019. Capital expenditures to launch the project at full capacity is estimated at $21.3 billion equivalent.

The GBS design concept as well as extensive localization of equipment and materials manufacturing in Russia will allow to considerably decrease the CAPEX per ton of LNG produced under this project. This will ensure a low cost structure of products and maximum competitiveness across the LNG markets.