Deal Insight
Mitsui and JOGMEC acquire 10% in Arctic LNG-2
Report summary
Japanese trader Mitsui and state-owned Japan Oil, Gas and Metals National Corp. have agreed to acquire a 10% stake in Arctic LNG-2 through a joint venture. NOVATEK's proposed LNG plant in West Siberia consists of three 6.6 mmtpa trains. NOVATEK is targeting FID in Q3 2019 with start-up of the first train in Q1 2023. The deal marks NOVATEK's third sell-down of interest in Arctic LNG-2. Earlier this year, Total (10%) finalised its entry in the project, and CNPC (10%) and CNOOC Ltd (10%) announced their entry. The deals are important milestones on the way to a 2019 FID and improve the project's commercial prospects.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
26 November 2019
Russian company ownership: Untangling the web
Insight
Russian company ownership: Untangling the web
A complete mapping and simple walk-through video of important ownership structures in Russia
$1,35005 June 2018
Russia & Caspian Upstream month in brief: Total moves first to buy 10% in Arctic LNG-2 from NOVATEK
Insight
Russia & Caspian Upstream month in brief: Total moves first to buy 10% in Arctic LNG-2 from NOVATEK
Spotlight on the main stories from Russia, Central Asia and Caucasus, adding our opinion and analysis.
$1,35030 May 2018
Total acquires 10% in Arctic LNG-2 from NOVATEK
Deal Insight
Total acquires 10% in Arctic LNG-2 from NOVATEK
Deal marks important vote of confidence on route to FID
$1,650
