Novatek, Rosseti ink Murmansk LNG power supply pact

Russian LNG exporter Novatek is moving forward with its plans to develop the Murmansk LNG project and has signed a deal with compatriot firm Rosseti to secure power for the development.

According to a statement by Novatek, the two firms signed on Tuesday a strategic partnership agreement to supply power to the Murmansk LNG project.

Novatek said the agreement would enable “timely start of power supply to the company’s prospective large-scale Murmansk LNG project, whose distinctive feature is the use of electric drives for process compressors instead of gas turbines.”

The company’s chairman Leonid Mikhelson said in the statement that Novatek’s strategy “envisages significant ramp up of LNG production, and we have already started implementing our next large-scale project in the Murmansk region.”

“For the Murmansk LNG project, we have chosen to use electricity rather than gas to drive the liquefaction process. The solution will help to speed up the project’s implementation while utilizing technology from Russian suppliers, and will also ensure a strong environmental performance of the project by reducing carbon emissions,” he said.

Large LNG production capacity

Novatek currently exports LNG via its 17.4 mtpa Yamal LNG plant and the mid-scale facility with a capacity of 660,000 tons in Vysotsk.

The firm is also building the 19.8 mtpa Arctic LNG 2 plant and recently completed the installation of the first of three trains which will serve the project.

Novatek is planning to start commercial operations from this unit in the first quarter of 2024.

Reports previously said that the Murmansk LNG project would have three trains and a total capacity of about 20.4 mtpa.

In June, Novatek obtained a Russian patent for its proprietary technology called “Arctic Mix” for large-scale natural gas liquefaction using mixed refrigerants.

According to Novatek, the firm developed this LNG process technology to implement the company’s large-scale projects on gravity-based structures with a production capacity of 6+ mtpa per LNG train.

- Advertisements -

Most Popular

Adnoc awards Ruwais LNG gig to Baker Hughes

A unit of UAE’s energy giant Adnoc has awarded US energy services firm Baker Hughes a contract for the...

Trafigura enters $400 million loan to buy US LNG cargoes for Europe

Energy trader Trafigura has entered into two revolving credit facilities worth $400 million and will use the funds to...

DNV: eight LNG-powered vessels ordered in September

Classification society DNV has added eight LNG-powered ships to its Alternative Fuels Insight platform in September, 13 ships less...

More News Like This

Russia’s Novatek reaches Vysotsk LNG production milestone

Russian LNG exporter Novatek has reached a new production milestone at its medium-scale LNG plant in Russia’s Baltic Sea...

Zvezda: naming ceremony held for Arctic LNG 2 carrier

Russian Zvezda yard has hosted a naming ceremony for the first of fifteen ice-class Arc7 carriers which will serve...

Novatek’s Yamal project produces 100 million tons of LNG

Russian LNG exporter Novatek has produced 100 million tons of liquefied natural gas at the giant Yamal LNG project...

Novatek installs Arctic LNG 2 GBS

Russian LNG exporter Novatek has completed the installation of the first gravity-based structure platform which will serve its Arctic...