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Arctic LNG 2 & Siemens Sign Equipment Supply Contract

Source: www.gulfoilandgas.com 2/1/2019, Location: Asia

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that Arctic LNG 2 (the “Project”) and Siemens signed a contract on compressor equipment for three liquefaction trains of the Project. The scope of supply under the contract includes three feed gas compressors and six boil-off gas compressors. The document also provides for localizing the equipment fabrication for the Project’s third train in Russia.

“Siemens and NOVATEK have a successful working relationship as they supplied gas turbine generators and boil-off gas compressors for our Yamal LNG plant.” noted Alexander Fridman, NOVATEK’s First Deputy Chairman of the Management Board.

“Our next project, Arctic LNG 2, will utilize new technological solutions and employ domestic manufacturers. The supply contract envisages new prospects for localizing the compressor equipment fabrication for the LNG industry, which is consistent with our strategic aim of creating and developing an LNG Center of Excellence in Russia.”

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