Picture of the day: Yamal LNG project progresses

Picture of the day: Yamal LNG project progresses
Image courtesy of Novatek

Novatek-led US$27 billion Yamal LNG project is moving ahead, having reached 76 percent completion in September. 

As the company’s CEO Leonid Mikhelson said in an earlier report that the project’s financing have been resolved.

Yamal LNG is expected to ship first liquefied natural gas from its first liquefaction train by the end of 2017. The second and third LNG trains are expected to come on stream in the second half of 2018 and the second half of 2019, respectively, reaching the full production capacity of 16.5 mtpa.

Rosmorport informed on Wednesday that the dredging works in the port of Sabetta planned for 2016 have been completed.

Implementation of the project allowed ensuring entrance of tankers with a draft up to 12 m, intended for transportation of LNG.

Shareholders in the Yamal LNG project are Novatek, as the operator with a 50.1 percent stake, CNPC and Total with 20 percent stake each and China’s Silk Road Fund with a 9.9 percent stake.

 

LNG World News Staff

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