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

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

More News Like This

Russian LNG production drops in April

Russian liquefied natural gas (LNG) production decreased in April compared to last year, according to the Russian statistics agency Rosstat.

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.