# Saipem and Renaissance win $2.5bn Arctic LNG 2 onshore construction contract

Saipem, in joint venture with Renaissance, was awarded the onshore engineering and construction contract for the Arctic LNG 2 project in the Gydan Peninsula, Siberia, worth $2.5 billion.

- Type: Contract
- Announced: 2020-04-01
- Where: Gydan Peninsula, Russia
- Value: $2.50B
- Status: under construction
- Capacity: 19.8 million tonnes per year
- Products: LNG liquefaction plants, gas compressor turbines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Saipem](https://endata.com/companies/1847.md) (partner)
- [NovaTek AB](https://endata.com/companies/4263.md) (partner)
- [Renaissance](https://endata.com/companies/6310.md) (partner)

## Sources

- [surfeo.eu](https://surfeo.eu/the-lng-project-arctic-2/), 2020-04-01: "For the provision of onshore engineering and the construction contract, Saipem, in joint venture with Renaissance, have been awarded. This contract worth $2.5bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.