Almost a month after the SDAG decided to postpone the project’s final investment decision until 2011 and production start-up with three years, CEO Yuri Komarov and his deputy Erve Madeo now confirm that a technical and economic assessment study shows that the project is technically viable, as well as profitable.
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With an oil price of 60 USD/barrel, the SDAG will be commercially “highly efficient”, Komarov and Madeo said, Vremya.ru reports.
The SDAG leaders also confirmed that all tender processes will be completed in the course of 2010.
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Talking about the LNG plant and the land-based part of the project, the company representatives admitted that not all design issues have been settled. The preliminary designs do not fit with the chosen location for the installations, the village of Teriberka, northeast of Murmansk city, they said.
