Russian gas producer Novatek announced that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd., has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.
Our LNG marketing strategy aims to diversify our supply geography and customer base. This shipment represents our first LNG cargo produced by our own production to the Latin American market, and confirms the viability of our logistical model and unique geographical location of the Yamal LNG project to deliver competitively priced LNG to any part of the world,
…noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board.
Yamal LNG consists of construction of a LNG plant with an output capacity of around 16.5 million tons per year, using the South Tambey Field as a resource base.
The field’s proven and probable reserves are estimated at 926 billion cubic meters. The project began exporting liquefied natural gas in late 2017. As of the end of August, Yamal LNG had shipped four million tons of LNG.
Extensive transportation infrastructure is being built in the scope of the Project, including a sea port and the Sabetta Airport.
Yamal LNG shareholders include Novatek (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).
