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
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 Europe
an 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.
LNG 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