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NOVATEK plans to retain a shelf hydrocarbons production in 2017

MOSCOW, April 21. /TASS/. NOVATEK plans to retain a shelf hydrocarbons production in 2017 at the current level. This was reported to journalists by the head of the company Leonid Mikhelson.

“We are currently conducting a lot of negotiations, looking at opportunities in addition to creating additional resource base for our project “Yamal LNG”, and also additional resource base in the region our existing infrastructure. I mean, Urengoy, and in this region the increase in capacity of our production. I think that before the end of this year we will be able to formulate and shape this resource base, which will allow us to support a shelf in an existing mining area to preserve our share on the domestic gas market,” he said.

He also noted that the company keeps plans to launch “Yamal LNG” until the end of the year. “It is impossible to specify any exact date and time . That’s a great debugging and commissioning,” said he, answering the question whether the introduction of the project into operation in October this year. “I am confident that before the end of the year will enter”, – he concluded.

The plant “Yamal LNG” with a capacity of 16.5 million tons of LNG per year is planned to start in 2017, the project Cost is estimated at $27 billion, the Shareholders of Yamal LNG – NOVATEK (50.1 per cent), Total (20%), CNPC (20%), and the Foundation of the “silk road” (9.9 percent). Contracted almost the entire amount – 96% future volume of LNG. In November 2016, the head of “NOVATEK” Leonid Michelson said that the construction of the first line of the plant was completed by 85%, scheduled commissioning of the first line is expected in late 2017.

Investment in LNG projects

NOVATEK plans to invest in LNG projects globally, told reporters the head of the company Leonid Mikhelson.

“We are interested in investing in the LNG market (liquefied natural gas – approx. ed.). We have established a portfolio of gas sales on the domestic market, also we would like to have a guaranteed portfolio for the LNG market. In Europe we are present, you know. Buy and sell somewhere around 3 billion cubic meters of pipeline gas. And, of course, we are interested in the bunkering business, the business of gas stations heavy vehicles,” – said Mikhelson.

He noted that we are talking not only about the European market, and in General about the world. “As you know, no European oil market, or American, or middle Eastern. There is a world market. And over time, the LNG market will be the same,” – said Mikhelson.

Possible partners

In particular, NOVATEK is discussing investment in LNG projects “kriogaz”, in addition, considers Saipem and General Electric as partners in its LNG projects.

“They are seen as potential partners for implementation of these projects. Saipem are conducted with specific negotiations. I have some confidence that they will play a significant part in the future projects”, – said the head of the company.

Mikhelson also said the company slightly postponed the signing of the contract for the Feed stage (pre-project research, project development, cost estimation and implementation time – ed.) with a consortium, 50% plus one share which belongs to Nipigas.

“For us this is an important document. We want to build the Kola yard and called her among themselves of the plant for the construction of plants. And it is very important to have not just an engineering company, and we wanted to have a partner in their face. Therefore, we slightly delay the final signing of all these documents, as discussed their involvement as a partner,” he told reporters.

The head of NOVATEK said that it is an ideological, not a financial partnership.

As previously reported, NOVATEK invests more than 25 billion rubles in the creation of a Centre for the construction of large marine structures in the village Belokamenka in the Murmansk region. The construction will be carried out in the framework of the project “Arctic LNG-2” field development Gadana. The construction of Center construction of large marine structures is scheduled for completion by 2020. Now the project is at the pre-investment phase. Its implementation deals with created by the company “NOVATEK” on the territory of Murmansk oblast subsidiary company “Kola shipyard”.

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