Glavgosexpertiza (Russia’s Main Department of State Expertise) says its experts have considered and approved the project on construction of a new production facility of NOVATEK’s Yamal LNG utilizing the hydrocarbon resources of the South Tambey Field.
Prime Minister Dmitry Medvedev earlier took part in the launching of the third stage of the Yamal LNG plant. The third stage of the plant was launched ahead of schedule and let the company reach its design capacity of 16.5 mmtpa.
The new facility with annual capacity of 1 million tonnes will be technologically connected with Yamal LNG.
Construction of LNG plants in the Arctic is highly topical amid rapid development of production worldwide and intensified competition in the market. Natural conditions in the region ensure low cost of production which ensures competitive advantages for Russian manufacturers as compared with suppliers form other regions of the world.
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