Russia’s A-Property contracts TechnipFMC to design $10 bln LNG plant

A-Property, a firm owned by Russian energy tycoon Albert Avdolyan, has reportedly hired TechnipFMC to design a large LNG export terminal.

The LNG plant and surrounding infrastructure would be located in the remote northern republic of Yakutia.

The plant would require a $10 billion investment, Reuters reported on Monday citing an A-Property spokeswoman.

A-Property hopes to complete the LNG plant by 2025 and sell chilled fuel to Asia.

The 13 mtpa plant would be located relatively close to the Chinese border, the agency said.

A-Property plans to seek permission from the Russian government to export LNG.

The LNG project’s design phase which should be complete by the end of 2020, the report said.

- Advertisements -

Most Popular

Hoegh’s FSRU heads to Germany to start Wilhelmshaven job

The 170,000-cbm FSRU Hoegh Esperanza is heading towards Germany to start serving the Uniper-led Wilhelmshaven facility, according to shipping...

NextDecade, Bechtel preparing Rio Grande LNG site ahead of FID

NextDecade, the US developer of the Rio Grande LNG export plant, and compatriot engineering and construction giant Bechtel are...

Woodside plans major Pluto LNG turnaround next year

Australian LNG player Woodside is planning to shut its Pluto LNG terminal in the Pilbara region of Western Australia...

More News Like This

Aker Solutions and JGC win Yakutia LNG gig in Russia

A consortium consisting of Japan's JGC and Norway's Aker Solutions has won a front-end engineering design contract for A-Property’s...

China’s Zhejiang Energy to buy stake in Russia’s Yakutia LNG project

China's Zhejiang Energy has signed a preliminary deal to take a stake and purchase volumes from A-Property's planned Yakutia...

TechnipFMC gets OK from Santos to start Barossa subsea work

TechnipFMC said it has received a notice to proceed from Santos to start subsea work on the Barossa project...

Technip Energies starts trading as spin-off completes

France-based Technip Energies has started trading as a single entity following the completion of TechnipFMC's separation into two independent,...