Asset Report

Arctic LNG-2 - Commercial Overview



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The Arctic LNG-2 project will be 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 envisages building an LNG plant on three gravity-based structures (GBS) in the Ob Bay. The LNG and condensate storage will be located within the hull of the structures.The GBSs are being designed by Saipem, which works as a ...

What's included

This report contains

  • Document

    lngi arctic lng-2 russia(lng.xls

    XLS 163.00 KB

  • Document

    Commercial Overview

    PDF 7.24 MB

  • Document

    Commercial Overview

    ZIP 7.27 MB

Tables and charts

This report includes 8 images and tables including:


  • Key facts: Table 1
  • Timeline: Table 1
  • Summary economics
  • Breakeven economics (US$/mmBtu)


  • Commercial structure: Image 1
  • LNG output: Image 1
  • Index map
  • Detail map

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

This report provides a commercial overview of the Arctic LNG-2 project. It includes:

• Projections for LNG output over the project's life
• Detailed location maps
• Comprehensive analysis of the economics and breakeven assumptions

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