CH Oil&Gaz – Pechora LNG Plant – Komi Republic - Project Profile

CH Oil&Gaz – Pechora LNG Plant – Komi Republic - Project Profile

Synopsis

"CH Oil&Gaz – Pechora LNG Plant – Komi Republic - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "CH Oil&Gaz – Pechora LNG Plant – Komi Republic - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

CH Oil & Gaz, a subsidiary of Altech Group and Rosneft are planning to develop the Pechora LNG-plant in Pechora, Russia.

This complex will process 4.2 billion m3 of dry gas and produce 2.6 million tonnes of LNG per year already at the first stage. In future, the project can be expanded upon the construction of the second production line, which will increase the LNG output 2-fold. Its estimated production life is 25 years.

The construction also includes the creation of the gas-transportation and related marine infrastructure.

The gas will be sourced from of Kumzhinskoye and Korovinskoye fields. The ABC1 and C2 resource at Kumzhinskoye total 104 billion cubic meters (BCM) of gas and 4 million tonnes of condensate. Production at the field could reach as high as 3.9 BCM of gas and 200,000 tonnes of condensate each year.

LNG produced from the plant will be exported to countries in the Asia-Pacific region, with LNG tankers from the Pechora River, through the Barents Sea, Atlantic and Suez Canal to Asia.

The Alltek group is hosting negotiations with South Korea's Kogas, PetroVietnam Gas Corp., and China National Offshore Oil Company (CNOOC) for participation in the Pechora-LNG project.

In May 2014, Rosneft bought the project, the project is a joint venture and Rosneft gets a 50+1 percent stake.

Planning activities are underway.

Scope

The project involves the construction of LNG plant with a capacity 2.6million tonnes per year in Pechora, Russia.

The US$3,900 million project includes the following:

1. Construction of a gas treatment plant

2. Construction of a refrigeration unit

3. Construction of a liquefaction unit

4. Construction of storage and loading facilities

Reasons To Buy

• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.