Russia’s Novatek now a world player with Yamal LNG

6 Dec 2017   LNG, Russia

Russian energy company Novatek said a new era for one of the world’s largest gas suppliers has begun with the start of LNG operations on the Yamal Peninsula. Novatek said production of liquefied natural gas started at the Arctic facility, which has a design capacity of about 5.5 million tons of LNG per year. The first cargo for delivery is already scheduled for Friday. “This event marks a milestone accomplishment for the Yamal LNG project,” Novatek Chairman Leonid Mikhelson said in a statement . “The commencement of LNG production begins a new chapter in our corporate history.” Novatek, one of the largest gas producers in Russia, apart from Gazprom, signed a memorandum of understanding with the China Development Bank to cooperate on steering […]

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