LNG contractor TechnipFMC has been awarded an engineering, procurement and construction (EPC) deal by Novatek for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.
Technip noted the consolidated contract value is $7.6 billion consisting of three liquefied natural gas (LNG) trains, each with a capacity of 6.6 Mtpa, which will be installed on three gravity-based structure platforms.
The engineering company will execute this project under a lump sum and reimbursable basis.
It will cover the EPC of the three LNG trains and associated topsides, which will be manufactured on a modular basis in Asian and Russian yards.
Russia’s largest natural gas producer Novatek completed the project participants structure as it closed the sale of participation interests in the Arctic LNG 2 project to units of China National Petroleum Corporation, and CNOOC as well as the consortium of Mitsui & Co and Japan Oil, Gas and Metals National Corporation (Japan Arctic LNG).