Photo: Illustration only (Courtesy of Novatek)

Novatek wraps up first ISO container LNG delivery to China

Russia’s largest independent natural gas producer and LNG operator, Novatek, completed its first trial delivery of LNG to China in ISO containers.

Novatek wraps up first ISO container LNG delivery to China
Illustration only (Courtesy of Novatek)

Novatek said on Tuesday, its unit Novatek Gas & Power Asia, together with Japan’s Saibu Gas completed the first delivery of liquefied natural gas in ISO containers to China’s Tiger Gas for subsequent sales in China.

The LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to Shanghai, China, under a spot contract.

“Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,” Lev Feodosyev, Novatek’s first deputy chairman said.

“It is forecasted that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan,” he said.