NOVATEK and CNPC signed the agreement on sale and purchase of a share in the project “Arctic LNG 2”
15:01 9 июня 2019
Категории: News in English
Within St. Petersburg international economic forum the company “NOVATEK” and the 100-percent subsidiary of China National Petroleum Corporation (CNPC) signed the agreement on sale and purchase in respect of 10% interest in the project “Arctic LNG 2”. It is planned to complete the transaction in the near future after obtaining of necessary regulatory approvals in Russia and China. The information was given to the news agency “Sever-Press” by the press service of the company.
The project “Arctic LNG 2” provides for construction of three stages on production of liquefied natural gas (LNG) with the capacity of 6 million 600 thousand tonnes per year each on gravity-based structures (GBS). The project is fulfilled on the resource base of Utrenneye field. On the state on the 31st of December of 2018 the proved and probable reserves of Utrenneye field, according to PRMS standards, made 1138 milliard cubic meters of natural gas and 57 million tonnes of liquid hydrocarbons. According to the Russian classification, the reserves of the field made 1978 milliard cubic meters of natural gas and 105 million tonnes of liquid hydrocarbons. “Arctic LNG 2” owns the license for export of LNG.