Novatek Ships First LNG Cargo to Brazil
- Business & Finance
Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.
The cargo, shipped through the company’s subsidiary Novatek Gas and Power Asia, was delivered to the Bahia Regasification Terminal owned by Petrobras.
“Our LNG marketing strategy aims to diversify our supply geography and customer base,” Leonid Mikhelson, Novatek’s Chairman of the Management Board, said.
“This shipment represents our first LNG cargo produced by our own production to the Latin American market, and confirms the viability of our logistical model and unique geographical location of the Yamal LNG project to deliver competitively priced LNG to any part of the world,” Mikhelson added.