Russian natural gas producer Novatek announced Wednesday that Yamal LNG shipped the first LNG cargo to Japan in accordance with the long-term offtake agreement with French oil and gas company Total.
The cargo was unloaded at the Tobata LNG Terminal in accordance with the buyers lifting and delivery schedule, Novatek noted.
Commencing LNG shipments to the Japanese market represents an important milestone for the Company as Japan is an important LNG market and one of the priority destinations in our LNG marketing strategy. Further development of our logistical chain using the Northern Sea Route and a transshipment terminal in Kamchatka will expand LNG supplies to Japan as well as strengthen trade and economic links between our respective countries,
…noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board.
In 2017, Novatek launched the Yamal LNG project, which is owned and operated by a partnership comprised of Novatek (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).
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.