Yamal LNG Passes 1 Mn Ton Mark of Shipped LNG
- Business & Finance
Russia’s Arctic gas project Yamal LNG shipped its first million tons of liquefied natural gas (LNG) from its first liquefication train.
Yamal LNG reached the milestone on the 14th cargo loaded onto 170,000 cbm Arc7 ice class carriers and dispatched at the Sabetta seaport.
The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter of 2017 with the loading of the inaugural tanker, Christophe de Margerie, on December 8, 2017.
“In late February a 72-hour performance test was conducted to confirm the design parameters of Phase 1 at the Yamal LNG plant. Average production rate exceeded the plant’s design capacity by 9 pct, demonstrating a higher efficiency of liquefying natural gas in the colder, arctic climatic environment,” a statement from JSC Yamal LNG, the project developer, reads.
Yamal LNG is constructing a 16.5 mmtpa natural gas liquefaction plant utilizing the hydrocarbon resources of the South-Tambeyskoye field on the Yamal peninsula located in the Arctic territory of the Russian Federation.
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).