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Russia Is Heating Up The Arctic


  • Led by Russia's largest independent gas producer, the 19.8 million ton per annum project is also joined by Total, CNPC, CNOOC and the Japan Arctic LNG consortium (consisting of Mitsui & Co and JOGMEC).
  • Novatek's ambitions call for up to 140 mtpa of LNG production in Gydan and Yamal, from its current 16.5 mtpa Yamal LNG and the 19.8 mtpa Arctic LNG 2, though Gazprom has pushed back on Novatek's lobbying of the Russian government on the issue.
  • However, plans have already been made for at least one more LNG project – oddly titled Arctic LNG 1 – that would focus on the Soletsko-Khanaveyskoye field in the Kara Sea, which has an estimated 2.18 bcm of gas in place.



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