The investment decision on “Obskiy LNG” will be taken in the first half of 2020
15:36 2 октября 2019
Категории: News in English
NOVATEK plans to take the investment decision on the project “Obskiy LNG” in the first half of 2020. This information was given by the head of the company Leonid Mikhelson at the forum “Russian Energy Week”.
“We started designing the next project on the same technology (liquefaction of gas “Arctic Cascade”) – “Obskiy LNG”. In the first half of next year we shall take the investment decision”, he said.
“Obskiy LNG” is the third LNG project of NOVATEK. Unlike “Yamal LNG” and “Arctic LNG 2”, it will be built on the basis of the Russian gas liquefaction technology “Arctic Cascade”, but with the lower capacity — 5 million tonnes per year. The full launch of the plant is scheduled for the third quarter of 2023, as energybase.ru reports.
Leonid Mikhelson also told journalists about the time limits, when Russia will be able to achieve LNG production in 160 million tonnes per year. In his opinion, this figure should be reflected in the country’s energy strategy till 2035.