Novatek in first China LNG ISO container delivery

Russian independent Novatek has completed its first trial delivery of LNG shipped in ISO containers to the world’s largest energy consumer China.

Novatek said in a statement it wrapped up the shipment together with Japan’s Saibu Gas for delivery to China’s Tiger Gas under a spot contract.

Furthermore, the duo delivered the shipment by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to Shanghai.

“Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,” Novatek deputy chairman Lev Feodosyev said.

“It is forecasted that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan,” he said.

Novatek’s only operational large project, not including the small-scale Vysotsk plant, is the 17.4 mtpa Yamal LNG plant in the Russian Arctic.

The project includes three 5.5 mtpa LNG trains and one unit with a capacity of 900,000 tons per year.

Additionally, the Russian producer plans to reach a total of up to 70 mtpa of LNG production capacity by 2030 and has lined up several new developments.

These include the company’s second Arctic LNG project with a 6.6 mtpa capacity and the planned Obskiy development.

The second Arctic LNG project is about 30 percent complete with a targeted launch of the first train in 2023.

- Advertisements -

Most Popular

LNG tanker suffers rudder failure in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia suffered a malfunction of its rudder in the Suez Canal on Wednesday, but...

Shell’s CEO says Europe’s energy crisis is far from over

The energy crisis in Europe is a "multiyear issue" and governments will have to work faster to address the...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

More News Like This

Novatek’s gas production, LNG sales up in 2022

Russian LNG exporter Novatek reported higher natural gas production and LNG sales in 2022. Novatek said in its preliminary report...

Japan’s MOL to continue shipping Russian LNG, CEO says

Japan's MOL will continue to ship liquefied natural gas from Russian LNG export plants, according to the company's CEO...

Russia’s Novatek strikes gas on Gydan

Russian LNG producer Novatek said it had found a new natural gas field within the Bukharinskiy license area in...

TotalEnergies to take $3.7 billion hit as it writes down Novatek stake

French energy giant TotalEnergies said it would take a $3.7 billion hit in its fourth-quarter results for the write-down...