Novatek CFO claims Arctic LNG 2 will cost US$500 – US$750/t
Published by David Rowlands,
Editor
LNG Industry,
Gyetvay discussed the northern Russian project while speaking at a conference in London on Tuesday. A final investment decision (FID) was taken on the project just last month.
According to Reuters, the CFO said that, by adapting lessons learned from Yamal – the company’s first LNG project – Novatek has been able to reduce costs by approximately 30%. Reportedly, he added that the LNG trains will now be condensed and fitted onto a floating barge.
Gyetvay said: “I think we’re in that range of US$500 – US$750 and I think if we can stick in that range, you’ll see the project moving forward.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09102019/novatek-cfo-claims-arctic-lng-2-will-cost-us500-us750t/
You might also like
Norton Rose Fulbright advises Tokyo Gas on sale of interests in four LNG projects
Norton Rose Fulbright has advised Tokyo Gas Co., Ltd and related entities on the sale of its minority interests in four Australian LNG projects.