What was the approved 2019 capital budget for Arctic LNG 2?
Arctic LNG 2 combines the Utrenneye gas field with a three-train LNG plant on the Gydan Peninsula. At the 2019 final investment decision, NOVATEK estimated US$21.3 billion to bring the full project to design capacity; this is an approved estimate, not a completed-project bill.
Approved budget
$21.3 billion
Cost basis: 2019
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Cost evidence
Basis of the published figure
Approved budget2019