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Russia's Novatek ships first LNG consignment from Yamal plant to India

March 27, 2018, 18:53 UTC+3 MOSCOW

Yamal LNG is the first LNG plant of Russian independent gas producer Novatek

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© Alexandr Semenov/TASS

MOSCOW, March 27. /TASS/.Novatek Gas and Power Asia Pte. Ltd., Novatek’s wholly owned subsidiary, shipped to the Indian market its first cargo with LNG produced by the Yamal LNG plant, Novatek said in a press release published on Tuesday.

"One of our core priorities enumerated in the Company's Corporate Strategy up to 2030, is the expansion of the supply geography and the growth of our presence in the key Asian markets," the company quoted its First Deputy Chairman of the Management Board Lev Feodosyev as saying. "The first cargo delivered to the growing Indian market is an important development step in this direction".

The first loading of LNG from the Yamal LNG plant to the spot market was on December 8, 2017.

Yamal LNG is the first LNG plant of Russian independent gas producer Novatek. The project is on the Yamal Peninsula in the Arctic area. It envisions three LNG trains, each with the annual capacity of 5.5 million tonnes. The first train was launched in late 2017; the second and third will be put into operation in 2018-2019. Yamal LNG’s shareholders are: Novatek (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).

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