First Yamal LNG Cargo Shipped to Spain

Yamal LNG has shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa under a long-term offtake agreement, PAO Novatek informed.

The 172,636 cbm Arc7 ice-class LNG carrier Fedor Litke unloaded the first cargo in the port of Ferrol earlier this week. The 2017-built ship made an eleven-day voyage from Siberia to Reganosa’s Mugardos terminal.

As informed, this is the first shipment of a total of 37 per year that will reach this part of Europe until 2041. Annual sales volumes according to the 24-year long-term offtake contract are 2.5 million tons of LNG, which equals to more than 3 billion cubic meters of natural gas.

“The first LNG tanker shipped today to Gas Natural Fenosa marks a new milestone in Russian natural gas deliveries as it is the first Russian gas delivered under long-term agreements to Spain where Russian pipeline gas is not supplied. We look forward to fulfilling our long-term LNG contract by supplying clean-burning natural gas to Gas Natural Fenosa – the largest supplier of natural gas in the Spanish market,” Leonid Mikhelso, Novatek’s Chairman of Management Board, commented.

The LNG originates from the South-Tambeyskoye field located on the Yamal peninsula.

Yamal LNG is owned and operated by a partnership comprised of Novatek, Total, CNPC and the Silk Road Fund. It aims to tap natural gas reserves totaling more than 4 billion barrels of oil equivalent (BOE).