UPDATE: Novatek exec says Yamal LNG avg output exceeds plan by 9%
(Adds details in last 2 paragraphs)
MOSCOW, Apr 26 (PRIME) -- The average volume of liquefied natural gas (LNG) production of the first stage of Yamal LNG is 9% higher than planned, Deputy CEO of shareholder Novatek Mark Gyetvay said in a presentation shown on Thursday.
УA 72-hour test has been made in order to confirm the engineered features of the first stage of Yamal LNG. The average production level exceeded the plan by 9%,Ф Gyetvay said.
The Yamal LNG project envisages construction of a 16.5-million-tonne LNG plant on the basis of the Yuzhno-Tambeiskoye field on the Yamal Peninsula. Russian independent gas producer Novatek holds 50.1% in the project, FranceТs Total has 20%, ChinaТs CNPC owns 20% and ChinaТs Silk Road Fund holds 9.9%.
Gyetvay also said that Novatek plans to complete project documentation for Arctic LNG-2 by July. The price estimate is to be completed by November, he said.
The Arctic LNG-2 plant will be launched in 2022Ц2025 and fields of the Gydan Peninsula in the north of West Siberia will become its resource base.