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TechnipFMC To Design $10-Billion LNG Plant in Russia

Russian investment group A-Property has hired energy services company TechnipFMC to design a $10-billion liquefied natural gas (LNG) plant in the northern republic of Yakuta, with plans to sell LNG to Asia by 2025.

An A-Property spokesperson told Reuters the company plans to produce 13 mtpa of LNG near the Chinese border, and that it plans to seek permission from the Russian government to export LNG.

Reuters added that TechnipFMC will work on the design phase of the project which should be complete by the end of 2020.

TechnipFMC did not comment on the project.

The A-Property LNG project would be the latest in a handful of other major LNG projects in Russia.

Based on media reports, Novatek’s 20-mtpa $21-billion Arctic LNG-2 project on Russia’s Gydan peninsula is expected to start in 2023. Novatek’s Yamal LNG plant is also expected to grow by just under 1 mtpa this year.

Gazprom plans to start its 13-mtpa Baltic LNG in Leningrad Oblast in 2023–2024. The company’s Sakhalin-2 LNG plant, which is also owned by Mitsui, Mitsubishi, and Shell, is expected to start a third LNG train, adding 5.4 mtpa, between 2024–2026.

Gazprom’s 1.5-mtpa Portovaya LNG project in the Gulf of Finland, and 1.5-mtpa Vladivostok LNG project in Russia’s Far East are expected to startup this year.

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