The Novatek Floating LNG Based Power Plant is 356MW gas fired power project. It is planned in Chukotka Autonomous Okrug, Russia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.
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Description
The project is being developed and currently owned by Novatek. The company has a stake of 100%.
It is a Combined Cycle Gas Turbine (CCGT) power plant. The fuel will be procured from Novatek Yamal and Gydan LNG.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.
For more details on Novatek Floating LNG Based Power Plant, buy the profile here.
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 Purovsky plant processes unstable gas condensate into stable gas condensate and natural gas liquids. The Ust-Luga Complex processes stable gas condensate into light and heavy naphtha, jet fuel, fuel oil and gasoil. The company sells naphtha, stable gas condensate, gas condensate refined products, crude oil, liquefied petroleum gas and natural gas in Russia, other European countries, Asia Pacific, North America, Middle East and Latin America. Novatek is headquartered in Tarko-Sale, Yamalo-Nenets Autonomous Okrug, Russia.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
