News Post
Yamal LNG Train 3 at full capacity a year ahead of schedule
On the occasion of the inauguration of Train 3 of the Yamal LNG project, in the presence of the Prime Minister of Russia Dmitry Medvedev, Novatek and Total announce the start of LNG exports from the third train of the Yamal LNG project in Russia. This has been achieved a year ahead of the initial schedule, and within the original budget. The Yamal plant has now reached its full planned capacity of 16.5 MMtpy less than a year after the 1st shipment of LNG from the project in December 2017. Furthermore, this start-up occurs one week after Yamal LNG has shipped its one hundredth LNG cargo. Approximately 7.5 million tons of LNG has been produced and delivered to five continents since the project’s first shipment.
“Yamal LNG is currently the largest LNG project in Russia with an aggregate share of about five percent of the global LNG market”, noted Leonid V. Mikhelson, NOVATEK’s Chairman of the Management Board. “We believe that Yamal LNG represents a unique benchmark for the global oil and gas industry in terms of project success and implementation. Moreover, the Yamal LNG project enabled us to become one of the major players in the global LNG market. Our accomplishments pave the way to create a large-scale LNG platform utilizing the prolific conventional natural gas resources on the Yamal and Gydan peninsulas as well as facilitating the achievement of our strategic goal to produce 55 - 60 MMtpy by 2030.”
“We are proud of the successful launch of all three LNG trains of the Yamal LNG project less than a year after the start-up of the plant. This constitutes an unprecedented achievement for the industry” commented Patrick Pouyanné, Chairman and CEO of Total. ”The positive experience of Yamal LNG paves the way for further LNG developments alongside our strategic partner Novatek, including Arctic LNG 2, the next major development based on giant low costs resources in Russia’s far north.”
About Yamal LNG
Yamal LNG has an integrated gas treatment and liquefaction facility, comprised of three liquefaction trains with a total nameplate capacity of 16.5 MMtpy, or 5.5 MMtpy per LNG train. The project includes storage tanks, port and airport infrastructure and is supported by a fleet of Arc7 ice-class tankers supplemented by lower ice-class designated tankers to transport LNG cargos.
An additional small-scale 0.9 MMtpa train is under construction with a start-up planned early 2020.
The project is operated by the Yamal LNG Company, owned by Russian independent gas producer Novatek (50.1%), Total (20%), CNPC (20%) and Silk Road Fund (9.9%).
One of the biggest LNG projects in the world, Yamal LNG is developing the 4.6 billion barrels of oil equivalent of reserves (boe) from the giant onshore South Tambey gas and condensate field, located on the Yamal Peninsula.
Yamal LNG’s production is sold under long-term contracts in Asian and European markets, predominantly under oil-indexed price formulas. LNG will be supplied to the markets all year round through an innovative shipping approach involving a fleet of purpose-designed ice-class LNG carriers that will travel the Northern Sea Route to Asia through the Bering Strait in the summer.
Sources: Novatek and Total
For subscriptions or a demo:
Ed Bramwell
Subscriptions Sales Manager
+44 20 3793 9705
For questions or to give feedback:
Thad Pittman
Senior Researcher
+1 (713) 525-4605
Download our brochure today!
Project News