Russian natural gas producer Novatek has developed new technology, known as Arctic Mix, to enable production of large-scale volumes of liquefied natural gas (LNG) to boost the country’s global share in the fuel market.
The company has secured a Russian patent for its Arctic Mix technology, which is designed for large-scale natural gas liquefaction using mixed refrigerants.
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Novatek said this LNG process can be implemented in its large-scale projects on gravity-based structures with a production capacity of more than six million metric tonnes per annum per LNG train.
In a press statement, the Russian company said: “Mixed refrigerants in the process allow it to be used in a wider geography with a better energy efficiency and leaner equipment list.
“The new technology marks an important step towards the localization of liquefaction process trains in alignment with the Company’s strategic objective to develop LNG technologies in Russia.”
Novatek said that the competitiveness of large-scale LNG projects can be enhanced by leveraging domestically manufactured equipment for critical parts of the process.
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By GlobalDataEarlier this year, Reuters reported that Novatek held talks for a deal with Indian gas distributor GAIL (India) for LNG supplies.
Following LNG supply cuts by Western countries in the wake of Moscow’s invasion of Ukraine, Russia has been seeking alternative outlets for its energy resources.
In the first quarter of 2023, Novatek reported hydrocarbon production of 163 million barrels of oil equivalent, including 20.88 billion cubic metres of natural gas and 3.1 million tons of liquids (gas condensate and oil).
Novatek holds a stake in the Yamal LNG project in Russia. The project is estimated to hold a large onshore conventional reserve base with high concentration of reserves.
