Yamal LNG looks to choose European transfer port
Yamal LNG, a venture developing a liquefied natural gas (LNG) export plant in the Russian Arctic, plans to pick a terminal to transfer the fuel in Europe by the end of the 2014 third quarter.
By ANNA SHIRYAEVSKAYA
Yamal LNG, a venture developing a liquefied natural gas
(LNG) export plant in
the Russian Arctic, plans to pick a terminal to transfer the
fuel in Europe by the end of the third quarter.
The $26.9 billion project
being developed by
Novatek, Total and China National Petroleum Corp. will decide
between Belgiums Zeebrugge and ports in France and
Spain, Philippe Sauquet, president of Total Gas & Power,
said in an interview at the European Gas Conference in
Vienna. The decision may be made as soon as the end of the
first quarter, he said.
Zeebrugge is in the race, he said. There
are also opportunities for Spain. He declined to name
the French and Spanish LNG
terminals contending to
transship the LNG
from the Russian project
Yamal LNG will need to transfer the fuel from ice-class
tankers to conventional LNG vessels at a facility in Europe
when the direct Northern Sea Route to Asian markets is
blocked for as long as eight months of the year.
The partners made a final investment decision in December for
the three-train, 16.5 million-tpy plant built on pylons
driven into the northern Siberian peninsulas permafrost
and plan to start commercial production in 2017.
The tender for the so-called transshipment services is at the
final stages, Novatek chief financial officer Mark Gyetvay
said Nov. 8.
Frances Montoir terminal has carried out three
ship-to-ship LNG transfers since becoming the first port to
offer the service in August.
to be shipped over the next
four to eight weeks to northeast Asia rose to $19.30/MMBtu in
the week ended Jan. 27, up from $18.70, New York-based Energy
Intelligence Group said Wednesday. Southwest Europe prices
slid to $15.55/MMBtu from $15.75.