CNOOC completes last two modules for Yamal LNG project

The engineering unit of China’s oil and gas producer and LNG stakeholder, CNOOC, shipped the two final liquefied natural gas core modules for Novatek’s Yamal LNG project on Wednesday.

According to a report by the Chinese state television, CGTN, the Qingdao yard marked the completion of construction of 36 key modules weighing 180,000 tons.

Out of the 16.5 mtpa of liquefied natural gas to be produced at the Yamal LNG facility at full capacity, three million tons will be transported to China annually.

Russia’s largest independent natural gas producer, Novatek, has already started commissioning activities at the facility’s first liquefaction train, with production from the 5.5 mtpa unit expected to begin by the end of the year.

Leonid Mikhelson, chief executive and co-owner of Novatek, earlier this month said the second and third liquefaction trains are expected to start up ahead of schedule.

Novatek is the operator and holds a 50.1 percent stake in Yamal LNG. China’s CNPC and Total of France have a 20 percent stake, each, while China’s Silk Road Fund has a 9.9 percent stake in the LNG project.

LNG World News Staff