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The six million ton per annun Gas Condensate Fractionation and Transshipment Complex (the “Ust-Luga Complex”) launched in 2013 is located at the all-season port of Ust-Luga on the Baltic Sea. The Ust-Luga Complex processes stable gas condensate into light and heavy naphtha, jet fuel, ship fuel component (fuel oil) and gasoil, and enables us to ship the value-added petroleum products to international markets. The Ust-Luga Complex also allows for transshipment of stable gas condensate to the export markets.
In 2017, it processed its milestone volume – 25 million tons of stable gas condensate since the start of operation in 2013.
In 2017, the Ust-Luga Complex processed 6,961 mt of stable gas condensate into 6,826 mt of end products, including 4,223 mt of light and heavy naphtha, 1,072 mt of jet fuel and 1,531 mt of ship fuel component (fuel oil) and gasoil.
High value-added petroleum products produced at the Ust-Luga Complex have a significant positive impact on the profitability of our liquid hydrocarbon sales and the Company’s cash flow generation. As the Ust-Luga Complex reached its full processing capacity we transshipped stable gas condensate to the export markets by sea.