TechnipFMC scores multi-billion dollar Arctic LNG 2 job

TechnipFMC scores multi-billion dollar Arctic LNG 2 job2
Image courtesy of TechnipFMC

LNG contractor TechnipFMC has been awarded an engineering, procurement and construction (EPC) deal by Novatek and its partners worth over for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.

Technip noted the consolidated contract value is $7.6 billion consisting of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity-based structure platforms.

The engineering company will execute this project under a lump sum and reimbursable basis.

TechnipFMC scores multi-billion dollar Arctic LNG 2 job
Image courtesy of TechnipFMC

It will cover the EPC of the three LNG trains and associated topsides, which will be manufactured on a modular basis in Asian and Russian yards.

Russia’s largest natural gas producer Novatek completed the project participants structure as it closed the sale of participation interests in the Arctic LNG 2 project to units of China National Petroleum Corporation, and CNOOC as well as the consortium of Mitsui & Co and Japan Oil, Gas and Metals National Corporation (Japan Arctic LNG).

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