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

Description

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

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

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The 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.

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.