All news

Yamal LNG completes first LNG transshipment in Norway

Novatek said the gas would be supplied further on to customers in North-West Europe

MOSCOW, November 26. /TASS/. Yamal LNG (liquefied natural gas) has completed the first ship-to-ship LNG transshipment in the area near the port of Honningsvag in northern Norway, Novatek said in a statement on Monday. Gas will be supplied further on to customers in North-West Europe, the company added.

"The Arc7 ice-class LNG tanker ‘Vladimir Rusanov’ successfully reloaded an LNG cargo delivered from the Yamal LNG facility at Sabetta to the lower ice-class designated tanker ‘Pskov’, which then delivered the reloaded cargo to customers in North-West Europe," the statement said.

"The first ship-to-ship LNG transshipment is a very important commercial milestone for us. This approach allows us to optimize our transport costs by decreasing the travel distance of the Arc7 ice-class tankers and to ensure timely offloading of LNG from Yamal LNG project," Novatek’s First Deputy Chairman of the Management Board Lev Feodosyev was quoted as saying.

Earlier the company announced future large-scale LNG transshipment projects in Kamchatka and the Murmansk Region.

Yamal LNG project (50.1% owned by Novatek, 20% - France’s Total, 20% - China’s CNPC, 9.9% - Silk Road Fund) is being implemented on the resource base of the Yuzhno-Tambeyskoye field in Russia’s Arctic region. Production at the first LNG train was commenced on December 5, 2017. 7. On August 2018, Yamal LNG shipped the first batch of LNG after the launch of the second train of the plant.