Russia is interested in attracting investors from Singapore to the Arctic projects on extraction and liquefaction of natural gas, IAA PortNews correspondent cites Deputy Prime Minister Maksim Akimov as saying at the 5th Eastern Economic Forum in Vladivostok.
According to the speaker, Russia is represented in the market of Singapore with NOVATEK.
“We count very much on the interest of our Singapore partners to the Arctic LNG 2 project”, said Maksim Akimov.
The Arctic LNG 2 project envisages constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The Project is based on the hydrocarbon resources of the Utrenneye field. As of 31 December 2018, the Utrenneye field’s 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids. Under the Russian classification reserves totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids. OOO Arctic LNG 2 owns an LNG export license. The Project participants include NOVATEK (60%), Total (10%), CNPC (10%), CNOOC Limited (10%) and the Japan Arctic LNG, consortium of Mitsui & Co and JOGMEC (10%).
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