Can Arctic LNG-2 take FID next year?
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Report summary
Following the successful start-up of Yamal LNG, NOVATEK is focusing on its next giant frontier project – Arctic LNG-2. The company has set a bold target of FID in 2019, but how realistic is it? To achieve this, technical and commercial unknowns need to be addressed: Will NOVATEK attract strong partners to support the project? Will it be able to convince investors about Russian suppliers’ ability to deliver technical solutions? Are there any other hurdles on the way? The upcoming Saint Petersburg International Economic Forum (SPIEF) includes attendees from France, Saudi Arabia and others potential investors. We could see a number of agreements signed which will move the project closer to its FID goal.
What's included
This report contains
Table of contents
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Executive summary
- Yamal LNG lays the ground for Arctic LNG-2
- Strong partners needed to support commercial prospects
- Technological unknowns are still to be addressed
- NOVATEK needs to confirm the feasibility of the development concept
- Extent of localisation needs to be understood
- State support – how crucial is it?
- So is Arctic LNG-2 FID in 2019 achievable?
Tables and charts
This report includes 2 images and tables including:
Images
- Russian LNG projects in the Arctic
- Global LNG supply/demand (im)balance
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