Pubblicato in: Materie Prime, Problemia Energetici, Russia

Russia, Penisola Gydan. Arctic LNG-2: un progetto da 21 miliardi Usd.

Giuseppe Sandro Mela.


Gydan & Yamal 001

Siamo chiari. Qualche politico italiano avrà ben dovuto andare in Russia a trattare la questione.

Che poi lo si voglia bastonare perché Saipen ha tolto una gran bella fetta di lucro alla Total, società francese, è cosa capibilissima: i francesi sono suscettibili, così come gli altri partner dell’Unione Europea. E nemmeno i giapponesi sono rimasti troppo soddisfatti: anche la Mitsubishi è fuori dall’Lng-2.

Gydan & Yamal 002

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Financial Times. Saipem secures Arctic LNG 2 project contract

Italian oil and gas services group seals joint venture in the west of Siberia.

Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas project in the west of Siberia. The contract awarded by Russian gas producer Novatek and a subsidiary assigns the Italian oil and gas services company a €2.2bn share in a joint venture with France’s Technip and Russia’s NIPIgaspererabotka to construct three LNG trains — facilities to liquefy and purify the gas — as part of the Arctic LNG 2 project. Each train will have the capacity to process approximately 6.6m tonnes of natural gas per year. The deal is the latest in a string of agreements secured by the company for construction services on gas projects, winning in June a record $6bn contract for an Anadarko LNG project in Mozambique. After some difficult years for services companies since the oil price plummeted in 2014, Saipem reported positive results for the first half of this year with a net profit of €14m, compared with losses of €323m in the same period a year earlier. The company has put a strategic focus on growth driven by gas, positioning itself for the energy transition to low carbon sources, with the latest deal meaning non-oil business accounts for nearly 70 per cent of its €22.5bn backlog. Stefano Cao, Saipem’s chief executive, said that the project “reaffirms Saipem’s strategic choice to consolidate its leadership across the entire natural gas value chain”. Saipem has emerged stronger from its restructuring by focusing on contracting on projects that make the company money and technical solutions — for example, helping the Zohr offshore field in Egypt go from discovery to first gas in the short timeframe of just over two years. The agreement with Novatek, building on the deal reached in December 2018 for Saipem to construct gravity based structures for the LNG plant, will be paid on a lump sum and reimbursement basis and the first train is expected to come online by 2023. Some analysts say that there are concerns, however, that the project could be hit with sanctions, as the US continues to ramp up punitive measures against Russia. The Yamal LNG project, Russia’s first foray into developing its Arctic resources for shipping overseas, was targeted with US sanctions in 2014. A day earlier Japanese trading house Mitsubishi announced it would not invest in the Arctic LNG 2 project.

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Energy Global News. Novatek strengthens presence in the Gydan Peninsula.

PAO Novatek announced that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources of 2,183 billion cubic meters of gas and 212 million tons of liquids, or 16 billion barrels of oil equivalent according to the Russian resource classification system. The license term is 27 years and the auction resulted in one-time payment for the subsoil use in the amount of RR 2,586 million.

The new license area borders Novatek’s Trekhbugorniy and Gydanskiy license areas on the Gydan peninsula, and allows to create the resource base for the next LNG project similar to Arctic LNG 2, with liquefaction trains to be located at the Utrenniy terminal.

The Gydan Peninsula is a geographical feature of the Siberian coast in the Kara Sea. It takes its name from the river Gyda that flows on the peninsula. It is roughly 400 km long and 360 km wide. This wide peninsula lies between the estuaries of the Ob and Yenisei Rivers. The southwestern corner of the peninsula is limited by the Taz Estuary. The climate in the whole area of the peninsula is arctic and harsh.

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Reuters. 2019-09-05. Russia ups LNG race with green light on $21 billion Arctic LNG-2 project

The $21 billion Arctic liquefied natural gas (LNG)-2 project led by Russian private gas producer Novatek won a green light on Thursday, the latest in a raft of new projects aimed at meeting a likely doubling of LNG demand over the next 15 years.

Arctic LNG-2 is expected to launch in 2023 and will aim to export 80 percent of its LNG to Asia, Novatek Chief Executive Leonid Mikhelson, Russia’s richest businessman according to Forbes magazine, said after the project’s partners signed a final investment decision (FID) at an economic forum.

At nearly 20 million tonnes per annum (mmpta) of LNG it would be largest single project to reach FID, according to Wood Mackenzie, and take total LNG volumes sanctioned this year to about 63 mtpa, beating the previous record of 45 mmtpa in 2005.

Arctic LNG 2 will be the third LNG project for Novatek, which hopes to match Qatar in production of the super-chilled fuel.

“Novatek is clearly driving home their ambitions to be a global LNG power house,” said Chong Zhi Xin, associate director of gas, power and energy at IHS Markit.

“It adds another 12 million tonnes to their portfolio on an equity basis. They are emerging as one of the largest LNG suppliers in the market.”

The project’s equity partners include French energy producer Total, China’s National Petroleum Corp [CNPET.UL], CNOOC and the Japan Arctic LNG consortium, made up of Mitsui & Co and state-owned JOGMEC, formally known as Japan Oil, Gas and Metals National Corp.

“This is an important project for Russia and follows our strategy to create capacities for LNG production,” Russian Energy Minister Alexander Novak said, adding that investments in the project had been set at $21 billion.

Japanese Industry Minister Hiroshige Seko said the project is one of the largest in the history of Japanese-Russian relations.

“It will unite Japan and Russia even more, as well as Europe and Asia. The Japanese government will provide all necessary assistance for the realization of this project,” he said.

The Arctic LNG 2 project will include construction of three LNG trains with a capacity of 6.6 million tonnes per annum (mtpa) of LNG each and at least 1.6 mtpa of gas condensate, according to Novatek’s website.

Located on the Gydan peninsula in Russia, the project is expected to export its first LNG by 2023 with the second and third train to start up by 2024 and 2026, Total said in a statement.

It will help Russia reach its goal of producing 120 to 130 million tonnes of LNG a year in the coming years and raise its share in the global LNG market to up to 20 percent.

It follows FIDs announced from Canada, the United States and Mozambique over the past year and plans to target Asian demand driven by major economies shifting towards greener fuel to combat pollution.

The project will benefit from extremely low cost gas, helping it compete against LNG from the United States and Canada, said Wood Mackenzie analyst Nicholas Browne.

LNG from the project will also be delivered to international markets by a fleet of ice-class LNG carriers that will be able to use the shorter Northern Sea Route and the trans-shipment terminal in Kamchatka for cargoes destined for Asia and the trans-shipment terminal close to Murmansk for cargoes destined for Europe, Total said.

“Arctic LNG 2 adds to our growing portfolio of competitive LNG developments based on giant low cost resources primarily intended for the fast growing Asian markets,” Total’s chief executive Patrick Pouyanné said in the statement.

The increase in supply from Russia and more intense competition may push down LNG prices and help move Asia towards a more gas-based economy, said IHS Markit’s Chong.