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Kremlin informs about potential involvement of Total in Arctic LNG 2 project

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NOVATEK and Total plan to sign an agreement on the involvement of French oil and gas company in the new project for gas extraction and liquefaction “Arctic LNG 2″, informs Yury Ushakov, Assistant to the president.

During the briefing held in Moscow, president’s assistant informed about the cooperation between Moscow and Paris. He noted that the core of cooperation is energy sector.

“NOVATEK deepens its cooperation with the French partner in the field on high tech, enabling to reach hard-to-recover gas reserves”, he said.

He also added that “it is planned to sign an agreement on Total introduction to the new extraction and liquefaction project – Arctic LNG 2”.

“It will depend on presidents. We have of course some issues to consider, but it will be presidents to decide”, said Mr. Ushakov.

As it was previously informed, NOVATEK intends to build a liquefaction plant “Arctic LNG 2” on the premises of Salmanovsky field on the Gydan peninsula. The plant with the capacity of 19,8m tonnes annually (3 trains) is to be built on the gravity offshore platforms based on German Linde technology. Pre-FEED has been already completed, FEED stage is to be finalized by the end of 2018. Final investment decision on the project will be taken by late 2019. Total holds a 20% share of NOVATEK.

Source: INTERFAX.RU

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