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Asset Report

Arctic LNG-2 - Commercial Overview

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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

20 March 2023

Arctic LNG-2 - Commercial Overview

Report summary

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. LNG and condensate storage will be located within the hull of the structures.Initially, Saipem was chosen to work as a sub-contractor in the ...

Table of contents

  • Key facts
    • Summary
    • Key issues
    • Links to related report
  • Commercial structure
  • Timeline
  • LNG output
  • LNG contracts
    • The western route
    • The Northern Sea Route
    • Transhipment terminals
  • Economic analysis

Tables and charts

This report includes 8 images and tables including:

  • Key facts: Table 1
  • Commercial structure: Image 1
  • Timeline: Table 1
  • LNG output: Image 1
  • Summary economics
  • Breakeven economics (US$/mmBtu)
  • Index map
  • Detail map

What's included

This report contains:

  • Document

    lngi arctic lng-2 russia(lng.xls

    XLS 136.50 KB

  • Document

    Commercial Overview

    PDF 7.67 MB

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