Name: Arctic LNG-2 - Commercial Overview
Brand: Wood Mackenzie
SKU: 65633
Price: 2700 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 13 April 2026

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Why buy this report?

The Arctic LNG 2 project will be important for the region. But it relies on an untested development concept and the Gydan Peninsula is characterised by harsh Arctic conditions, and will have to overcome numerous challenges to be successful. We provide an overview of the project to help you:
• Identify key challenges as development progresses
• Assess its feasibility
• Understand project economics and its expected competitiveness

Report summary

The Arctic LNG-2 is an integrated project located offshore near the remote Gydan Peninsula in northern West Siberia. The three-train project's planned capacity is 19.8 mmtpa. This is the second large-scale LNG project led by NOVATEK, after Yamal LNG. The project envisaged building an LNG plant on three gravity-based structures (GBS) in the Ob Bay with the LNG and condensate storage located within the hull of the structures. We don't consider the third train of the facility to be ...