Yamal LNG Terminal
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Yamal LNG Terminal is an LNG terminal under development in Yamai Peninsula, Russia.
Contents
Location
Background
Yamal is an LNG terminal under development in Yamai Peninsula, Russia.[1] Construction at the facility began in 2013.[2]
Because of US and EU sanctions on Russia, the facility faced financing challenges. The project completed financing in 2016,[2] with a US$3 billion loan from Russian development bank VEB and loan agreements with Chinese banks worth over US$12 billion.[3]
The first processing unit is planned to come online in 2017. By 2019 all processing units are scheduled to be operational.[2] Yamal LNG will use icebreaker shipping vessels to transport the gas.[2][4]
Once operational, Yamal will have an export capacity of 16.5 mtpa,[5] giving Russia total liquefaction capacity of 27.3 mtpa,[2] and making Russia the third largest exporter of gas after Qatar and Australia.[5]
The project's first LNG train was brought online in December 2017, its second LNG train in July 2018, and its third LNG train in November 2018, each with a capacity of 5.5 mtpa. A fourth train was a capacity of 1 mtpa is due to come online in 2019.[6] In April 2019 the Chairman of Novatek stated that the terminal's fourth train would be commissioned by the end of 2019.[7]
Banking on climate change
A January 2019 article in Bellona noted that the Yamal LNG Terminal is one of "the first major energy projects in the world that seems to be banking its chips – cynically or otherwise – on the thawing of the Arctic caused by global warming. The hotter things get, the logic suggests, the better business will be."[8]
Project Details
- Parent: Novatek (50%), Total (20%), CNPC (20%), China's Silk Road Fund (10%)
- Location: Sabetta, Yamai Peninsula, Russia
- Coordinates: 71.2733, 72.0725 (exact)
- Existing Capacity: 16.5 mtpa, 2.37 bcfd
- Proposed Capacity: 1.0 mtpa, 0.14 bcfd
- Status: Trains 1-3: Operating; Train 4: Construction[9]
- Type: Export
- Trains: 4
- Start Year: Train 1: 2017; Train 2: 2018; Train 3: 2018; Train 4: 2019
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Articles and resources
References
- ↑ Yamal LNG Terminal, Wikipedia, accessed April 2017
- ↑ 2.0 2.1 2.2 2.3 2.4 "2017 World LNG Report" International Gas Union, Accessed June 20, 2017.
- ↑ "Russia's VEB guarantees $3 bln of Yamal LNG debt," Reuters, June 24, 2016
- ↑ Karen Thomas, "NORTHERN EXPOSURE – Teekay readies LNG crew for the Arctic," LNG World Shipping, 22 Aug 2017
- ↑ 5.0 5.1 Kenneth Rapoza, "With OPEC Weakening, World Energy Now Pits Russia Versus U.S.," Forbes, June 29, 2017
- ↑ Russia's Novatek produces commissioning LNG from Yamal LNG train 3: official, S&P Global Platts, Nov. 22, 2018
- ↑ Fourth line for Yamal LNG, Sea News, Apr. 10, 2019
- ↑ Yamal LNG project built on a shifting foundation of climate change, Bellona, Jan. 7, 2019
- ↑ 2019 World LNG Report, IGU, June 2019
