Technip completed Pechora LNG feasibility study
February 21st 2013, Alltech Group (Alltech) and Pechora LNG LLC (Pechora) meet in Moscow, Russia, with RF Deputy Regional Development Minister Sergey Vakhrukov and the Governor of Nenets Autonomous District Igor Fyendorov to move the project of liquefied natural gas (LNG) plant, Pechora LNG, into the top priority list of project for the Russia Northwestern Federal District.
This decision take place in a context where the pressure increases month after month on Gazprom to break its monopoly for the export of LNG from Russia.
Gazproms’ delays in some strategic projects such as Stockman phase 2 after Stockman phase 1 being cancelled become critical in a context where USA are mulling projects to export LNG from their massive shale gas production.
Gazprom Giprospetsgas performs pre-investment study
– Gas transport infrastructure
– Gas Central Processing Plant
– Export gas pipeline
– LNG trains plant
– Offshore export facilities
The LNG train plant should be located in Indiga in a ice-free zone of the coast along the Barrents Sea, 230 kilometers from Naryan-Mar town.
Seven of these Arc 4 ice LNG carriers are contracted to JSC Far East shipyard.
Since the gas treatment should be processed separately, the barge would have the functions of floating liquefaction storage and offloading (FLSO) unit.
The Pechora LNG project is majority controlled by Alltech Group the private assets management from Dmitri Bosov, through its subsidiary CH Invest and Maxim Barsky, the project manager who holds minority shares.
Estimated to cost between $4 billion and $12 billion capital expenditure depending on the size between 2.6 and 8 million t/y, Alltech is expecting the Pechora LNG project to run into commercial operations on fourth quarter 2018.