GE has won a $600m contract to provide key turbo machinery equipment for the Yamal LNG “megaproject” being developed in Russia’s Siberia region on the Yamal Peninsua.
According to the $600m contract, GE will supply six Frame 7E gas turbines, 18 centrifugal compressors, six variable speed drives and six WHRUs.
GE is expected to deliver its equipment to Russia in the second half of 2015. According to the project plans, the first natural gas liquefaction train is to reach its full capacity in 2017, followed by the second and third trains in 2018 and 2019.
GE already has massive inroads to Russia’s oil and gas sector, already supplying more than 400 gas turbines, 65 steam turbines, 700 compressors, and more than 600 units of other equipment that includes air coolers, condensers, gas separators and pumps.
The Yamal LNG project is owned by JSC Yamal LNG, a joint venture between Russia’s largest independent gas producer OAO Novatek (80%) and France’s Total SA (20%).
The joint venture is building a gas liquefaction facility that will have a production capacity of 16.5 million tons/year, based on the feedstock resources of the South Tambeyskoye gas condensate field.
The LNG produced at the site will be used to help meet the growing energy needs, primarily of Asia and Pacific Region countries.