Government panel has approved the economic model for the Northern Sea Route
» Government panel has approved the economic model…
Government panel, chaired by Arkadiy Dvorkovich, Russian Vice Premier, has approved economic model of the Northern Sea Route.
As reported, the overall cost of building the new railway Obskaya — Nadym — Pangody 460 km long is estimated at 130.5bn RUB.
The project is of national standing: its execution will facilitate social and economic development of the Russian Arctic. The Yamal-Nenets Autonomous District is the place of Gazprom’s key fields, which will provide for the major Russian natural gas production over time. Their effective development can be ensured by means of adequate transport infrastructure.
Russia is expected to be a concessioner, while the Russian Railways’ subsidiary will be the concession holder.
Project will be implemented with private investment attraction based on concession. Key players (Russian Railways, Gazprom and the YaNAD) will finance facilities of the existing railway infrastructure, while the construction of new facilities will be carried out by the concessioner.
As follows from the agreement, Gazprom will create the dedicated subsidiary to ensure the completion of construction and commissioning of its railroad track Nadym — Pangody (112 km).
Novatek boosting LNG-projects
Leonid Mikhelson, the Chairman of board, Novatek, outlined current activities carried out by the two Russian projects for the liquefaction of natural gas in the Extreme North during his meeting with the Prime-Minister Dmitry Medvedev. The company plans to commission the “Yamal LNG” plant at full capacity ahead of schedule. European banks wish to join…
Mikhelson: Yamal LNG has already signed LNG shipment contracts totalling 600bn RUB.
Key Yamal LNG clients are APR countries, accounting for 86% of all contracts signed The amount of signed LNG shipment contracts with Yamal LNG exceeds 600bn RUB, further extensible, as informed by Leonid Mikhelson, Novatek CEO. “Yamal LNG has signed contracts totalling 600bn RUB, and we intend to boost the amount rapidly”, – he said…
New arctic field hides large gas reserves, informs the Minister
“We have tested 9 sections of the deposits of the Valanginian and Apt age. We found gas and gas condensate everywhere”, states Mr. Donskoy in the interview given to Interfax, informs “Vedomosti” Kruzenstern licensed site is located partially inland and on the shelf. According to Mr. Donskoy, Gazprom is preparing for the test well boring…