Yakutsky LNG Condensate Pipeline

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Yakutsky LNG Condensate Pipeline (Russian: конденсатопровод проекта "Якутский СПГ") is a proposed condensate pipeline in Russia.

Location

The pipeline will run from Kysyl-Syr, Sakha Republic, to Nizhny Bestyakh, Sakha Republic, Russia.

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Project details

• Operator: Globaltec LLC
• Owner: Globaltec LLC
• Parent company: Andrey Ni
• Capacity: 1.5 mtpa
• Length: 500 km
• Diameter:
• Status: Proposed
• Proposal Year: 2021
• Start Year: 2028
• Cost:
• Financing:
• Associated infrastructure: Yakutia LNG Project, Srednevilyuiskoye, Mastakhskoye, Tolonskoye, Tymtaidakhskoye gas condensate fields, other licensed areas of Yatek PJSC, Kysyl-Syr-Amga-Ayan Gas Pipeline

Background

Construction of the condensate pipeline is part of the larger Yakutia LNG Project. The pipeline will be used to transport stable gas condensate to a condensate stabilization unit in Nizhny Bestyakh (Sakha Republic). After being processed, technical/automobile propane-butane mix and stable gas condensate will be supplied to the local market and shipped to consumers in Russia and abroad by rail. In July 2023, it was reported that Yakut Fuel and Energy Company was looking for a strategic partner to implement the project. As of January 2024, there have not been any updates about the project.

Ownership

The project's developer is Globaltec LLC. 51% of Globaltec LLC belonged to A-Property, with the remaining 49% owned by YATEC PJSC. A-Property also controls YATEC. According to YATEC's data as of September 2023, A-Property was 100% owned by Russian magnate Albert Avdolyan, while YATEC itself is owned by Avdolyan and his partners. In January 2022, it was reported that Zhejiang Energy of China was planning to buy a 10% stake in the Yakutiya LNG project in January 2022. This included stakes in both YATEC itself and Globaltec. However, there have not been any updates on whether the deal had been finalized.

According to Russian corporate registry records, in March 2024, Avdolyan passed control of Globaltek to a Russian individual identified as Andrey Ni, with the switch taking place after Globaltek was included in February 2024 on an updated list of companies targeted by US sanctions imposed in response to Russia’s invasion of Ukraine.