RU EN
We are on social networks:

Press Releases and Events

Yamal LNG Shipped First LNG Cargo to Spain

Moscow, 21 June 2018. PAO NOVATEK (“NOVATEK”) announced today that Yamal LNG shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa in accordance with the long-term offtake agreement.
 
The 170 thousand cubic meter Arc7 ice-class LNG carrier “Fedor Litke” unloaded the first cargo in the port of Mugardos in accordance with the lifting and delivery schedule.  Annual sales volumes according to the 24-year long-term offtake contract are 2.5 million tons of LNG, which equals to more than 3 billion cubic meters of natural gas.

NOVATEK’s Chairman of Management Board Leonid Mikhelson noted: "The first LNG tanker shipped today to  Gas Natural Fenosa marks a new milestone in Russian natural gas deliveries as it is the first Russian gas delivered under long-term agreements to Spain where Russian pipeline gas is not supplied. We look forward to fulfilling our long-term LNG contract by supplying clean-burning natural gas to Gas Natural Fenosa – the largest supplier of natural gas in the Spanish market”.

PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global LNG 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. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, 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.