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 issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

Novatek’s gas sales drop in 2024

Novatek said in its preliminary report issued on Thursday that the company’s natural gas sales reached 77.76 bcm in...

US sanctions two Russian LNG terminal operators

The Department of State announced on Friday that the US is sanctioning major targets in Russia’s energy sector, imposing...

Russian LNG production slightly down in November

Rosstat’s data show that the country’s LNG terminals produced about 3 million mt in November, down 0.4 percent compared...

Russian LNG production rises

Rosstat’s data show that the country’s LNG terminals produced about 28.4 million mt during January-October. This is up by 6.8...