![]() The gas from the South Tambey field will be transported to the LNG plant through a 100 km pipeline network.(4) The operations at the gas field involve the drilling of 208 production wells.(3) The potential production of the field amounts to approximately 27 billion cubic meters of natural gas each year. A giant gas field beyond the Arctic circleĪccording to the information provided by Novatek, the proven and probable reserves of the South Tambey field are estimated at 926 billion cubic meters of natural gas and 30 million tons of liquid hydrocarbons (PRMS reserves standards).Several factors indicate that this project could provide good returns for shareholders. To obtain financing from banks and investors, 96% of the planned production has been pre-sold by long-term contracts. The Yamal LNG project involves the exploitation of the vast South Tambey gas field, the construction of a LNG production plant, a 100 km pipeline, new infrastructures in Sabetta port, an international airport and the design and building of fifteen new icebreaking LNG tankers. Its main assets are concentrated in the Yamal-Nenets Autonomous District, which is the Russia’s largest natural gas producing area.(2) The private gas company Novatek was founded in 1994. ![]() The shareholders of the « Yamal LNG » joint venture are Novatek (50.1%), France’s Total (20 %), China’s CNPC (20%) and Silk Road Fund (9.9%). The production will begin next year and the first export by sea shipping will take place by the end of 2017. The LNG plant in construction will produce around 16,5 million tons of LNG each year. The competitiveness of Yamal LNG lies on the huge gas resources of the South Tambey field and cheap extraction. This region accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production.(1) Russian, Chinese, Japanese and Italian banks and investors support this project decided in December 2013. This is one of the biggest current investments in the russian gas industry and the first to be implemented in the north of the Arctic polar circle, in extreme climatic and logistical conditions, for a global cost of $27 billion. In the Yamal peninsula, the gas company Novatek is leading with foreign partners the project “ Yamal LNG” which encompasses natural gas production, liquefaction and shipping toward European and Asian markets. This global transformation leads to the increase of LNG liquefaction plants, LNG carriers and regasification terminals. ![]() Low prices and abundant export capacity can encourage governments and companies to move from high-polluting coal to natural gas-fired electricity generation to meet domestic demand in countries such as China and India. As a transition fuel, natural gas could help the change towards low-carbon energy. To overcome the threat of climate disaster, governments, companies, and citizens have to rapidly reduce carbon emissions. The first cargo is expected in November 2017.Īs the 2015 Paris climate change agreement entered into force on 4 November, the governments of the US, China, India and the EU now face the legal obligation to limit the increase in global temperatures to two degrees Celsius above pre-industrial levels. The LNG cargo will be shipped by special icebreaking LNG tankers towards Asian and European markets. The South Tambey gas field and the LNG plant will produce around 16,5 million tons of LNG each year. ![]()
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