Page 12 - FSUOGM Week 06 2021

FSUOGM PIPELINES & TRANSPORT FSUOGM

Rosneft eyes Kara

Sea LNG terminal

RUSSIA RUSSIA’S Rosneft is looking to produce up to advance any projects. Vostok Capital recently
30mn tonnes per year (tpy) of LNG from a pair estimated in a report that the company had some
The Kara terminal was of gas discoveries it made off Russia’s Arctic coast 95mn tpy in probable liquefaction projects in the
discussed along with last year, RBC reported on February 2, citing pipeline.
other Rosneft projects sources in government. In addition to its Kara Sea plan, the company
at a government After resuming offshore drilling last sum- wants to produce between 35 and 50mn tpy
strategy meeting. mer after a six-year hiatus, Rosneft identified of LNG on the Taymyr Peninsula as part of its
two fields estimated to contain a combined 1.3 Vostok Oil project. But the company is yet to dis-
trillion cubic metres of gas. There are an addi- close a timeframe for realising this plan, which
tional 422bn cubic metres at the company’s 2014 appears still to be at the drawing board stage.
Pobeda oil and gas discovery. Rosneft is also working with ExxonMobil
The Kara terminal was discussed along with on a plan to build a 6.2mn tpy LNG facility in
other Rosneft projects at a meeting on Russia’s the Far East. That plant, due on stream in 2023,
LNG strategy last month, chaired by Russian would monetise gas from fields belonging to the
Deputy Prime Minister Alexander Novak. Rosneft-led Sakhalin-1 consortium. It could be
Russia is already the fourth-biggest LNG expanded at a later stage to 15mn tpy. Technip-
exporter after Qatar, Australia and the US, deliv- FMC was hired last year for pre-engineering
ering 30.5mn tonnes of the super-cooled fuel design work for the project.
to the global market last year. But its ambition Rosneft’s LNG plans have failed to materialise
is to become number one, with the government in the past because of the company’s difficulty
targeting a ramp-up in supply to 140mn tpy by with obtaining sufficient gas supply. It aban-
2035. doned plans for a 5mn tpy Pechora LNG termi-
Rosneft wants to play a key role in achiev- nal in Russia’s far north after Gazprom outbid it
ing this goal, even though it has so far failed to in an auction for two gas deposits in the area. ™

P12 www. NEWSBASE .com Week 06 10•February•2021