The Novatek Floating LNG Based Power Plant is 356MW gas fired power project. It is planned in Chukotka Autonomous Okrug, Russia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 356 | – | 356 | Permitting | Chukotka Autonomous Okrug, Russia | Novatek |
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Description
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The project is being developed and currently owned by Novatek.
It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from Novatek Yamal and Gydan LNG.
The project cost is expected to be around $512.402m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
About Novatek
Novatek (Novatek) is an independent oil and gas company. The company explores, produces, processes, and markets liquid hydrocarbons and natural gas. Its licensed producing fields include, Yurkharovskoye, South-Tambeyskoye, West-Yaroyakhinskiy and Beregovoy among others in the Yamal-Nenets Autonomous Region (YNAO). It operates Purovsky plant and Ust-Luga complex. The company produces jet fuel, light and heavy naphtha, heating oil and gas oil. The company sells naphtha, stable gas condensate, gas condensate refined products, crude oil, liquefied petroleum gas and natural gas to Europe, Asia Pacific, North America, Middle East and Latin America. Novatek is headquartered in Moscow, Russia.
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Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
