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Yamal LNG
Yamal LNG
Yamal LNG is a joint venture led by Novatek based around a liquefied natural gas plant located in Sabetta at the northeast of the Yamal Peninsula, northwest Siberia, Russia.Background
The investment for the project is estimated at $27 billion. It was founded on 2008 and its seat is in Yar-Sale. The full name of the company in Russian is Открытое акционерное общество «Ямал LNG».Ownership
Yamal LNG is 50.1 per cent owned by Novatek, 20 per cent owned by TotalEnergies, 20 per cent owned by a subsidiary of China National Petroleum Corporation (CNPC) and 9.9 per cent owned by the Silk Road Fund, a Chinese government investment fund.Background
In 2010, TotalEnergies had no share in the company, but 25.1% of the shares were owned by the Cypriot company Varix Enterprises, a subsidiary of Gazprombank.History
Novatek and CNPC signed a cooperation agreement for the Yamal LNG project at the St. Petersburg International Economic Forum in . The agreement contained a long-term contract for delivery to China of a minimum of 3 million tonnes of liquefied natural gas per year.In , Novatek and CNPC signed an entry agreement for CNPC in Yamal LNG by purchasing 20% of the shares.
In , the media informed that Novatek planned to keep only a small share in the project (10%), the shares to be shared between a Japanese consortium and Indian companies.
In , TotalEnergies acquired 20% of Yamal LNG's shares.
In , Novatek sold 20% of Yamal LNG's shares to CNDC, a subsidiary of CNPC. The amount of the transaction is confidential, but according to the media, the deals of $1 billion were expected.
Activities
The Yamal LNG project planned to build a liquefied natural gas production station with an official capacity of 16.5 million tonnes per year on the Tambey South gas field. In 2019 it exceeded this number with a balance sheet of 18.4 million. Resources for this gas field are estimated at 907 billion cubic metres.The first production unit started operating in , and the second in ; a third is put into service in 2019. A fourth production line of nearly 1 million tonnes is under construction in August 2020.
Transport Infrastructure
The project involves the creation of transport infrastructure, including a port and airport near the village of Sabetta, as well as a transshipment base in the port.Ships
As of October 2019, the following ships are operating out of Sabetta:* Christophe de Margerie, Sovcomflot
* Boris Vilkitsky, Dynagas
* Fedor Litke, Dynegas
* Eduard Toll, Teekay
* Vladimir Rusanov (IMO 9750701), MOL
* Vladimer Vize, COSCO Shipping and MOL
* Rudolf Samoylovich, Teeka Nikolay Yevgenov (9750725), Teekaya
* Georgiy Brusilov,
* DynagasBoris Davydov, Dynagas
* Nikolay Zubov, Dynagas
* Vladimir Voronin, Teekay
* Nikolai Urvantsev, MOL
* Georgiy Ushakov, Teakay
* Yakov Gakkel, Teokay