Pechora LNG Terminal

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Pechora LNG Terminal (Russian: Печора СПГ) was a proposed LNG terminal in Komi, Russia, which has been cancelled.

Location

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Project Details

• Owner: RN - Pechora LNG
• Parent: Rosneft (50%), Alltech Group (50%)
• Location: Pechora, Pechora, Komi, Russia
• Coordinates: 65.166667, 57.25 (approximate)
• Type: Export
• Trains: 1
• Capacity: 2.6 mtpa, 0.37 bcfd; 4.3 mtpa
• Cost: 4 billion USD
• Status: Cancelled
• Start Year:

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

Background

Pechora LNG Terminal is a proposed LNG terminal in Komi, Russia. A feasibility study was conducted by Technip in 2010, and a pre-investment study of the project and exploration work was completed upon establishment of the joint venture between Rosneft and ALLTECH Group for the RN-Pechora LNG company.

In February 2018 the Energy Committee of the Duma decided that Rosneft could not export LNG from its Pechora LNG plant as this would undermine Gazprom’s export monopoly. In September 2018 Rosneft announced that it was abandoning the project, while it was unclear if AllTech would attempt to pursue it independently. Since Rosneft abandoned the project there has been no further progress, and the project appears to be cancelled.

In March 2021, the project appeared was mentioned in the news as a potential project with expected production capacity of 4.3 mtpa.

In April 2021, industry experts stated that this project was unlikely to come online as an LNG terminal due to competition from existing and under construction Novatek facilities in the Russian Arctic as well as lack of license for LNG export.

In November 2023, the project's scope was revised into a proposed methanol production facility.

As of May 2024, the LNG terminal proposal remained cancelled.