Arctic LNG 1 Terminal

From Global Energy Monitor
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Arctic LNG 1 Terminal ((Russian: Арктик СПГ-1) is a a liquefied natural gas (LNG) terminal proposed in Russia.[1]

Location

The terminal is proposed to be located in Gydan Peninsula, Yamal-Nenets region, Russia.[2]

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Project Details

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In March 2021, Novatek's subsidiary Arctic LNG-1 LLC won an exploration and development license for a large block on the Gydan Peninsula in northern Russia's remote Yamal-Nenets region. According to the Russian Natural Resources & Environment Ministry, the subsidiary paid 775 million roubles ($10.2 million) for the North Gydansky block, just 70 million roubles over the starting price in the auction. The company has yet to determine the capacity and assets to be allocated to its next liquefied natural gas projects on Gydan, known as Arctic LNG 1 and Arctic LNG 3.[2]

In April 2021, Novatek's Arctic LNG-1 LLC was seeking urgent onsite surveys for planned Russian export trains. The project is set to come online before 2030, though its development is likely contingent on commissioning of the Arctic LNG 2 Terminal, which is slated for completion between 2023 and 2026.[1][2][7] As of September 2021, Novatek was expected to make a final investment decision (FID) on Arctic LNG 1 in 2023 or 2024, with construction expected to start in 2026 or 2027.[6]

In December 2022, Novatek discovered a new oil and gas field, Viktor Girya Oil and Gas Field (Russia), which is intended to be a resource base for this terminal. It was reported that Arctic LNG 1 was planned to be developed after the commissioning of the Arctic LNG 2 Terminal and Yamal LNG Terminal.[8]

In September 2023, Arctic LNG-1 LLC received approval from the government agency Glavgosexpertiza for the construction of production facilities at the Geofizicheskoye Gas Field (Russia) which will serve as a resource base for the terminal.[3]

Although there have been no development updates related to the terminal itself since 2021, this project is still considered proposed since its construction is not expected to begin until 2026 or 2027.

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 Vladimir Afanasiev, Novatek's Arctic LNG 1 seeks urgent onsite surveys for planned Russian trains Upsteam Online, April 21, 2021
  2. 2.0 2.1 2.2 2.3 Vladimir Afanasiev, Novatek boosts Russian LNG ambitions with new block award in remote region Upsteam Online, March 29, 2021
  3. 3.0 3.1 3.2 3.3 "«НОВАТЭК» построит скважины на Гыдане для «Арктик СПГ-1»". Pravda UrFO. Sept 25, 2023. Retrieved Apr 23, 2024. {{cite web}}: Check date values in: |date= (help)CS1 maint: url-status (link)
  4. "Арктик СПГ 1, ООО". Retrieved Apr 23, 2024.{{cite web}}: CS1 maint: url-status (link)
  5. Vladimir Afanasiev, Arctic LNG 2 Project NS Energy, accessed May 19, 2021
  6. 6.0 6.1 6.2 "Russian LNG Aims High, Leveraging Big Reserves and Logistical Advantages". Journal of Petroleum Technology. September 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. "Can Russia Execute a Gas Pivot to Asia?". CSIS (Center for Strategic & International Studies). May 4, 2022.{{cite web}}: CS1 maint: url-status (link)
  8. "Для Арктик СПГ-1. НОВАТЭК открыл месторождение им. В.И. Гири на Бухаринском участке недр". Neftegaz. Dec 12, 2022. Retrieved Apr 23, 2024.{{cite web}}: CS1 maint: url-status (link)

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External resources

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