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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. This is the second large-scale LNG project led by NOVATEK, after Yamal LNG. The project envisages installation of three gravity-based structures (GBS) in the Ob Bay and constructing an LNG plant on these platforms. The LNG and condensate storage will be located within the hull of the structures.The GBSs will be built by Saipem, which will work as a sub-contractor, in the NOVATEK-owned ...

What's included

This report contains 4 tables, 4 images, and 7 pages

  • Document

    lngi arctic lng-2 russia(lng.xls

    XLS 161.50 KB

  • Document

    Commercial Overview

    PDF 875.02 KB

  • Document

    Commercial Overview

    ZIP 912.24 KB

Table of contents

  • Key facts
    • Summary
    • Key issues
    • Links to related report
  • Commercial structure
  • Timeline
  • LNG output
  • LNG contracts
  • Shipping
  • Economic analysis

Tables and charts

This report includes 8 images and tables including:


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


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

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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