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

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

More News Like This

TotalEnergies CEO: Mozambique LNG restart is not a matter of costs

French energy giant TotalEnergies had "good" discussions with Mozambique LNG contractors and they agreed not to inflate the costs...

Russia’s Gazprom to buy Shell’s stake in Sakhalin LNG terminal operator

Russia has approved the sale of a 27.5 percent stake, previously owned by LNG giant Shell, in the new...

Novatek reports profit of about $5.1 billion in 2023

Russian LNG producer Novatek reported a net profit of about 463 billion rubles ($5.09 billion) in 2023. The company...

TotalEnergies issues force majeure over Novatek’s Arctic LNG 2 project

French energy giant TotalEnergies has initiated a force majeure process on the Novatek-operated Arctic LNG 2 project in Russia...