Novatek sends second Arctic 2 LNG GBS to Gydan

Russian LNG exporter Novatek has sent the second gravity-based structure platform from its yard near Murmansk to the site of the Arctic LNG 2 project located on the Gydan peninsula, according to reports in Russia.

The second GBS, or LNG train, left the Belokamenka yard under tow on July 26, Kommersant said in a report.

The unit, with a total weight of more than 600,000 tons, will travel along the Northern Sea Route.

According to Kommersant, installation of the unit at the Arctic LNG 2 site is expected to start in mid-August.

Novatek completed the second GBS despite sanctions by the US and the EU related to the Arctic LNG 2 project.

The first GBS left the Belokamenka yard in July last year and Novatek completed the installation on the underbase foundation on the seabed at the Utrenniy terminal on Gydan in August.

This 330 meters long, 152 meters wide, and 90 meters high platform weighs 640,000 tonnes and is the heaviest object ever moved in the history of the global LNG industry, Novatek claims.

The train consists of topside modules with the equipment to produce and offload LNG and stable gas condensate, installed on a concrete gravity-based structure, which accommodates LNG and condensate storage tanks.

Arctic LNG 2

According to reports in Russia, Novatek started production of LNG from the first unit in December but it is not shipping LNG from the project due to sanctions and lack of vessels.

The first and second GBS each have a capacity of about 6.6 mtpa, while the Arctic LNG 2 project also includes the construction of the third GBS.

The resource base of the Arctic LNG 2 project is the Utrenneye field located on the Gydan Peninsula in the YaNAO, about 70 km from the Novatek-operated Yamal LNG project across the Gulf of Ob.

Novatek is the LNG project’s operator with a 60 percent stake, France’s TotalEnergies owns 10 percent, while CNPC and CNOOC of China have 10 percent, each.

Japan Arctic LNG, a consortium of Mitsui & Co and Jogmec, owns a 10 percent stake in the project as well.

In January, TotalEnergies initiated a force majeure process on the Arctic LNG 2 project in Russia due to sanctions.

In March 2022, TotalEnergies said it would no longer provide capital and book proven reserves for the Arctic LNG 2 project due to the uncertainty created by the technological and financial sanctions on the ability to carry out the development.

After that, TotalEnergies wrote down its 19.4 percent stake in Novatek and withdrew the representatives of the company from the board of Novatek.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

More News Like This

Novatek’s gas sales slightly up in Q1

Russian LNG exporter Novatek reported a slight increase in its natural gas sales, including LNG, in the first quarter of this year.

Russian LNG production down in January-February

Russian liquefied natural gas (LNG) production decreased in the first two months of this year compared to the same period last year, according to the Russian statistics agency Rosstat.

Novatek’s 2024 profit climbs to $5.19 billion

Russian LNG producer Novatek said its net profit rose to about $5.19 billion in 2024.

Novatek’s gas sales drop in 2024

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in...