Overview of Russian LNG Projects

In February 2009, Sakhalin saw the launch of the first plant to produce liquefied natural gas in Russia. In the intervening years, industry players have planned a number of new LNG projects. Below is an overview of completed and planned Russian LNG projects.

Yamal LNG

The project entailed constructing a plant with the capacity to produce of LNG. The South Tambey field on the Yamal Peninsula, with reserves of 927 bcm according to PRMS classification (as of 31 December 2013), serves as the plant’s resource base. The project is operated by Yamal LNG, whose shareholders include Novatek (50.1%), Total (20%), CNPC (20%) and the Chinese Silk Road Fund (9.9%). The project is valued at USD 26.9bn.

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Sakhalin-2 is an LNG plant with a designed capacity of 9.6m tonnes based on the resources of Lunskoye field on Sakhalin Island. The project’s operator is Sakhalin Energy, co-owned by Gazprom (50% plus one share), Shell (27.5% minus one share), Mitsui (12.5%) and Mitsubishi (10%).

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Arctic LNG-2

The Arctic LNG-2 is a project to construct an LNG plant with the total capacity of 18m tonnes in three phases. The project will use the resource base of the Utrennee field with proved reserves of 388.5 bcm (under SEC classification as of 31 December 2016) located on the Gydan Peninsula neighbouring Yamal. The licence for this filed is held by Arctic LNG-2, a Novatek subsidiary.

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Shtokman LNG

The Shtokman LNG project entails the construction of an LNG plant with a capacity of 7.5m tonnes based on the Shtokman field on the Barents Sea shelf with total reserves of 38 trillion cubic metres of gas. It was planned that the project operator would be Shtokman Development AG, where 51% interest was owned by Gazprom, 25% by Total (France) and another 24% by StatoilHydro (Norway).

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Far Eastern LNG

The Far Eastern LNG is a project to construct an LNG plant with an initial capacity of 5m tonnes and a potential capacity of 10m tonnes. It will use the resource base of Sakhalin-1, which includes the Chayvo, Odoptu and Arkutun-Dagi fields with reserves of 307m tonnes of oil and 485 bcm of gas. These fields are being developed by a consortium of Exxon Neftegas Limited (ExxonMobil and Sodeco hold 30% each, while Rosneft and ONGC hold 20% each).

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Pechora LNG

The Pechora LNG project is for the construction of an LNG plant with a capacity of 4m tonnes based on the Kumzhinskoye and Korovinskoye fields in Nenets Autonomous Okrug with total reserves of 165 bcm of gas classified as АВС1+С2. The project’s operator is a joint venture established in 2015 between Rosneft and Alltech Group. 

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Baltic LNG Baltic

LNG is a project to construct an LNG plant with a capacity of 10m tonnes (and potential capacity of 15m tonnes) at the port of Ust-Luga in the Leningrad Region. Gazprom and Shell established a joint venture in June 2017 to operate the project. Gazprom’s Unified Gas Supply System (UGSS) will supply natural gas, rather than specific fields.

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Low-capacity LNG plants

Recently, Russian companies have started to explore the feasibility of low-capacity LNG plants (annual capacity of 1m tonnes, according to the International Gas Union’s classification). Consumers of LNG produced at low-capacity plants, including ship operators, small power generating companies and land transport companies, use LNG mostly in its liquid rather than regasified state.

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Contact us

Kirill Rodionov

Senior Specialist, Research and Analytics, PwC Russia

Tel: +7 (495) 967 6000 ext. 2525

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