Novatek’s Yamal LNG ships milestone cargo

The Novatek-operated Yamal LNG export project in the Russian Arctic has shipped 50 million tons of liquefied natural gas since it started production from the first train in 2017.

Yamal LNG said on Friday it loaded the “milestone” cargo on the Arc7 ice-class tanker Nikolay Zubov.

In addition, this cargo represented the 685th shipment of LNG dispatched from the project since the first delivery in December 2017, according to the Yamal LNG statement.

In 2020, the facility produced 18.8 million tons of LNG accounting for more than 5% of the global LNG market, the statement said.

Novatek's Yamal LNG ships milestone cargo
Image: Novatek

Novatek and its partners in Yamal LNG ship the fuel with a fleet of 15 Arc7 ice-class tankers with cargo capacity over 170 thousand cubic meters each, as well as by 11 conventional gas
carriers.

To remind, Novatek said last month it planned to launch full operations at its fourth Yamal LNG train in “the upcoming weeks” as the giant project continues to outperform.

The 900 thousand tons per annum unit started pilot LNG production in December last year adding to the three 5.5 mtpa units already in production at the plant in the Russian Arctic.

Following the start of the first train in the fourth quarter of 2017, Novatek and partners launched the second unit in July 2018 and the third in November the same year.

Besides Novatek that holds 50.1 percent in Yamal LNG, other shareholders include France’s Total and China’s CNPC with a 20 percent stake, each, and the Silk Road Fund that owns a 9.9 percent share.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

More News Like This

Russian LNG production down in Q1

Russian liquefied natural gas (LNG) production decreased in the first quarter of this year, according to the Russian statistics agency Rosstat.

Novatek’s gas sales slightly up in Q1

Russian LNG exporter Novatek reported a slight increase in its natural gas sales, including LNG, in the first quarter of this year.

Russian LNG production down in January-February

Russian liquefied natural gas (LNG) production decreased in the first two months of this year compared to the same period last year, according to the Russian statistics agency Rosstat.

Novatek’s 2024 profit climbs to $5.19 billion

Russian LNG producer Novatek said its net profit rose to about $5.19 billion in 2024.