CNOOC nets USD 1.6 bln Yamal LNG deal

CNOOC signs USD1.6 bln deal with Yamal LNG

A unit of China National Offshore Oil Corporation said it had signed the company’s largest ever contract with Russia’s Yamal LNG project. The contract value is about $1.6 billion.

Under this deal, CNOOC’s Offshore Oil Engineering Co will construct core modules for the liquefaction process of the Yamal plant. This is also China’s first contract for the construction of core modules for the liquefaction process, the company said in a statement.

Yamal LNG, in which Russia’s Novatek holds 60 percent interest, Total and CNPC 20% each, will include a major integrated complex for the liquefaction of natural gas with a production capacity of 16.5 million tons per annum.

The three process trains that will make up this complex will have an annual production output of 5.5 million tons each, and are planned to be commissioned in 2016, 2017, and 2018.

LNG World News Staff, July 10, 2014; Image: Novatek

Share this article

Follow LNG World News

One thought on “CNOOC nets USD 1.6 bln Yamal LNG deal”

  1. Pingback: Alan

Comments are closed.


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >