FX.co ★ 5 leading LNG projects in Russia

Yamal LNG

Yamal LNG is an integrated project encompassing natural gas production, liquefaction, and shipping. The total output capacity of the three launched Yamal LNG lines reaches 16.5 million tons per year. The field’s proven and probable reserves are estimated at 926 billion cubic meters. The project was built in record time and reached its full capacity in December 2018. The cost of the project is $26.9 billion.

Sakhalin-2

In February 2009, the first LNG plant in Russia was launched in Sakhalin Island.The project is planned to further develop world-class technological facilities for oil and natural gas extraction. The project is operating in the area of high seismicity, thus a special construction technique was implemented to ensure safety. Its production capacity is 9.6 million tons per year.

Arctic LNG-2

The Arctic LNG-2 is a three-staged project scheduled for 2023 with a planned total capacity of 18 million tons. The project is expected to be fully operational by 2026. The preliminary cost of the project is $ 25.5 billion. The Arctic LNG-2 project will be located on the Untrenneye field resource base which has 1,582 billion cubic meters of natural gas and 65 million tons of liquid hydrocarbons in its reserves.

Baltic LNG

This project involves the construction of an LNG plant in the Leningrad Region. The plant with a capacity of 10 million tons per year will be built near the Ust-Luga Port. The launch of the project is scheduled on 2022-2023. The estimated cost of the project is about $ 11 billion.

Far East LNG

The project was created to monetize Sakhalin-1 gas resources under the production sharing agreement. The project is aimed at constructing an LNG plant in the Far East with a capacity of 6.2 million tons per year, as well as developing related infrastructure. Sakhalin-1 will serve as a resource base for the project with its 307 million tons of oil and 485 billion cubic meters of gas reserves.