Photo: Courtesy of Novatek

Novatek hits 50 mt milestone at Yamal LNG

Novatek, Russia’s largest independent natural gas producer, has hit a new milestone at its Yamal LNG project.

Novatek hits 50 mt milestone at Yamal LNG
Courtesy of Novatek

The company said on Friday it has shipped 50 million tons of LNG since it started operations.

The milestone cargo was loaded on the Arc7 ice-class tanker Nikolay Zubov and represented the 685th cargo of LNG dispatched since the first cargo in December 2017.

In 2020, the facility produced 18.8 million tons of LNG accounting for more than 5 per cent of the global LNG market.

LNG from the facility is transported by a fleet of 15 Arc7 ice-class tankers with cargo capacity over 170 thousand cubic meters each, as well as shipments by 11 conventional gas carriers.

Yamal LNG is building a 17.4 million tonnes per year LNG export plant comprising of three LNG trains of 5.5 mtpa each and one LNG train of 900,000 tons per year.

The first LNG train began production in the fourth quarter of 2017, while trains 2 and 3 were launched in July 2018 and November 2018, respectively.

Yamal LNG shareholders include Novatek (50. per cent), France’s Total (20 per cent), China’s CNPC (20 per cent), and the Silk Road Fund (9.9 per cent).