Investment in Yamal projects before 2025 exceed $100bn

The amount of investment in Yamal projects before 2025 exceed 100bn USD, as informed by Dmitriy Kobylkin, Governor of the YaNAD.

“Yamal provides heat and electricity for Russians, and ensures the delivery of natural gas to dozens of other countries. Our investment projects are among the most promising globally. The investment in them before 2025 amounts to more than 100bn USD, “— he said at the international session of Arctic Council, held in Sabetta on the Kara Sea shore.

In Governor’s words, there are over 60 energy companies operating on Yamal, including the biggest ones, such as Gazprom, Rosneft, Lukoil, Novatek, Gazporm neft, Transneft, Total, CNPC, and Silk Road Fund.

“The Japanese partners have expressed the intention to take part in the projects, with the list open. New industrial facilities powering the Arctic are being commissioned, such as the Arctic Gate terminal, as well as Zapolyarye-Purpe and Bovanenkov-Ukhta 2 mains, filling the Nordstream,”— he explained.

Yamal will become the NSR hub

Kobylkin has emphasized that Yamal is growing into a new logistic hub of the Northern Sea Route. «The base is the Arctic Energy project stipulating for the construction of Northern Latitudinal Railway, Bovanenkovo-Sabetta and Port of Sabetta. The transport corridor will enable importing the cargoes from new, HTR fields, and open access for Russian products to the NSR. Both the exporters and the importers will benefit from this,” — he said.

As projected, after the commissioning of Yamal LNG and Arctic LNG 2, the regional LNG yield will reach 80 mtpa. «In this context, the Russian and Chinese “One belt – one road” initiative, jointly with the NSR will present brand-new horizons for a number of countries in the world.”

“The Arctic is called the climatic “kitchen of the planet”. I do confirm that Yamal is ready for the creative dialogue and will do its best to keep the Arctic for the whole world. We have an extensive experience at sustainable resource use, with a background, technologies, practices, responsible people, and results. We can both share our developments and learn from others,” — Kobylkin highlighted.

Big investment projects

Yamal LNG carries out the project for the construction of liquefaction facility as of 16.5 mtpa, based on South Tambey resources. The commissioning of the first phase is scheduled for December 2017, with almost entire future LNG yield as of 96% being contracted.

As earlier noted by Evgeniy Kot, the final LNG clients are the APR, accounting for 86% of all concluded contracts.

Construction of the Port of Sabetta is accomplished. The Q1 2017 recorded 17 international NSR vessel calls. On 28 March, the Port of Sabetta accepted the first ice-class Christophe de Margerie LNG tanker, with the test LNG batch.”

The Northern Latitudinal Railway stipulates for the development of a new railroad 700 km long, with transport corridor to connect the Northern and Sverdlovsk railroads, and to enable the cargo imports from new northern fields of Yamal.

In 2016, the agreement was signed with Russian Railways on project implementation, with the district undertaking the co-financing of bridge structures, including the Ob River bridge. This March Gazprom has become another Russian Railways’ partner, expected to build 112 km of road. The project cost is expected to reach 240bn RUB.

The logistic follow-up of the NLR is the creation of Bovanenkovo-Sabetta rail corridor as of 170 km. The railroad to Sabetta will considerably increase the port load, and enable the export shipments to new European and APR markets. At present, the design documentation is being developed together with a private investor, based on PPP agreement.

Yamal’s reserves

The share of YaNAD in the proven reserves of the Russian natural gas accounts for more than 70%, oil and gas condensate — 18%. The current discovered reserves amount to 44.5tn m3, almost 5bn t of crude and about 2bn t of condensate.

The district features 236 oil and gas fields.

Source: TASS

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