Deal Insight
Total acquires 10% in Arctic LNG-2 from NOVATEK
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Total is casting a vote of confidence in NOVATEK's new frontier Arctic LNG-2 development by acquiring 10% in the project and securing a place in NOVATEK's future LNG projects. This is in line with Total's strategy of increasing the proportion of gas in its portfolio to 60% of total production by 2035. The Arctic LNG-2 project is at an early stage of its development, with Front-End Engineering Design (FEED) ongoing and FID targeted for 2019. A number of unknowns still need to be addressed, including the feasibility of its unique development concept, level of local content and the ability of Russian suppliers to deliver. The completion of FEED by the end of 2018 is expected to bring some clarity on these issues.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Total
- NOVATEK
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
-
Deal analysis: Table 2Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Strategic rationale: Image 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Ramos
Ramos is one of Argentina's largest gas fields in terms of total reserves although the field is now very mature. It is located in ...
$3,720
Asset Report
Sibneftegaz
Sibneftegaz operates the Beregovoye, Pyreynoye and Khadyryakhinskoye gas fields in the Yamal-Nenets Autonomous Okrug in northern West ...
$3,720
Asset Report
Gazprom dobycha Nadym - Legacy Fields
Gazprom dobycha Nadym is by far the largest Gazprom subsidiary in terms of reserves, with more than a third of the company's total ...
$3,720
