24 December 2018, News Wires — Russia’s largest independent natural gas producer and LNG operator, Novatek signed an equipment supply for its Arctic LNG 2 project.
Novatek contracted the Italian company Nuovo Pignone for the supply of gas turbine generators for the three liquefaction trains for the project.
Leonid Mikhelson, Novatek’s head noted the partnership continues on the cooperation on the Yamal LNG project that the Nuovo Pignone supplied gas turbine compressors for.
In a separate agreement, Novatek confirmed the contract signed with a joint venture between Saipem and Renaissance for the design and construction of three gravity-based structures for the Arctic LNG project.
SAREN, a joint venture between Renaissance Heavy Industries Russia (RHI Russia) and Saipem, will deliver the design, supply of materials and equipment, construction of three gravity-based structures at Novatek-Murmansk plant.
It will also be responsible for the commissioning and preparation for operations, including towing and installation of the gravity-based structures.
Saipem noted in its statement that the deal is valued at €2.2 billion ($2.5 billion).
The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The project is based on the hydrocarbon resources of the Utrenneye field.
- LNG World News