LNG Carrier “Vladimir Rusanov” Opens the Northern Sea Route 2019 Navigation Period

Mark Gyetvay, Deputy Chairman of the Management Board
Alexander Nazarov, Head of IR
+7 (495) 730-6013
ir@novatek.ru

 

Maria Dokuchaeva, Press-secretary
+7 (495) 721-2207
press@novatek.ru

 

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25 July 2019

Moscow, 25 July 2019. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route (“NSR”) passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the port of Sabetta to the port of Tianjin, located in China.

The Vladimir Rusanov transited the ice-covered part of the route in only 6 days, setting a new record for independent passage via the NSR without ice-breaking support with cargo on board. The net voyage time from Sabetta to the destination port was completed in a record 16 days, which is less than half the time required to transport a cargo of LNG along the traditional westbound route via the Suez Canal and Strait of Malacca.

"For the second year in a row, our Arc7 ice-class LNG tankers were once again the first ships to open the summer navigation period via the Northern Sea Route,” noted First Deputy Chairman of the Management Board Lev Feodosyev. “This voyage set a number of records for the passage time of the ice part of the NSR, and for the total voyage time to China from the Russian Arctic region. These achievements were made possible due to the accumulated ice navigation experience and the outstanding ice performance characteristics of LNG tanker fleet designed specifically for our Yamal LNG project. We will continue to optimize our logistical model to ensure competitive LNG supplies to key global consuming markets”.


PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.

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