The cost of the Arctic LNG-2 project is growing
26.06.2023
increased to approximately $25 billion from the originally reported $21.3 billion. The increase in costs is due to the transition to the use of electric drives on the second and third lines of the project and the increase in electricity requirements. The increase in value will be covered by shareholders' investments, however, probably without the participation of the French TotalEnergies, which announced the termination of investments in projects in the Russian Federation. According to analysts, the growth in the cost of Arctic LNG-2 is not critical, since in terms of unit costs the project will still turn out to be cheaper than the existing Yamal LNG.
Preliminary cost estimate for construction of the Arctic LNG-2 LNG plant increased by 17%, to about $ 25 billion. The increase in costs will be covered by the funds of the project shareholders, sources say “Kommersant”. The initial estimate was $21.3 billion.
The fact that the cost of the Arctic LNG-2 there will be more than $22 billion due to the transition to the use of electric drives, the head of the company Leonid Mikhelson told reporters at SPIEF-2023. “Due to the fact that we switched to electric drives, we need power plants, this somewhat increases the cost of the project. Kommersant
The fact that the cost of the Arctic LNG-2 there will be more than $22 billion due to the transition to the use of electric drives, the head of the company Leonid Mikhelson told reporters at SPIEF-2023. “Due to the fact that we switched to electric drives, we need power plants, this somewhat increases the cost of the project. Kommersant The initial estimate was $21.3 billion.
The fact that the cost of the Arctic LNG-2 there will be more than $22 billion due to the transition to the use of electric drives, the head of the company Leonid Mikhelson told reporters at SPIEF-2023. “Due to the fact that we switched to electric drives, we need power plants, this somewhat increases the cost of the project. Kommersant
