[Vladivostok (Russia) / Singapore 5th Reuters]-Arctic LNG-2, Arctic LNG project led by Russian private natural gas company Novatec <NVTK.MM>, will start It was. A company participating in the project signed a final investment decision (FID) at an international conference held in Vladivostok on the 5th.
Arctic LNG-2 includes French total <TOTF.PA>, China Petroleum and Natural Gas Group (CNPC) [CNPET.UL], China Marine Oil (CNOOC) <0883.HK>, Mitsui & Co. <8031. T>, Petroleum Natural Gas and Metal Mineral Resources Organization (JOGMEC) is participating.
Novatec CEO Mickelson is planning to start production in 2023 and has set a goal of exporting 80% to Asia.
"Arctic LNG-2" has a production capacity of nearly 20 million tons per year. According to Wood Mackenzie, it is the largest business that has reached FID. This is the third LNG business for Novatec.
Russia's Novak Energy Minister said, “It ’s an important project for Russia and is in line with our strategy of creating LNG production capacity”, and the investment in Arctic LNG-2 is set at $ 21 billion Clarified that it was.
Mr. Hironari Seko, Minister of Economy, Trade and Industry, pointed out that “Arctic LNG-2” is the largest project in the history of Japan-Russia relations and will further strengthen the unity between Japan and Russia. The Japanese government has indicated a policy of providing all necessary support for project realization.
