Gas Natural Fenosa receives first Yamal LNG cargo

Gas Natural Fenosa receives first Yamal LNG cargo
Image courtesy of Gas Natural Fenosa

Madrid-based Gas Natural Fenosa received the first shipment of Yamal liquefied natural gas (LNG) under a long-term deal with Novatek at Reganosa’s Mugardos LNG terminal. 

Natural Gas Fenosa said in a statement the delivery of 172,600 cubic meters of the chilled fuel was made by the Arctic LNG carrier Fedor Litke. It is the first out of 37 tankers that will be delivered under the contract until 2041.

The deal, signed in 2013 is valued at over €30 billion ($34.8 billion), will see the delivery of 3 billion cubic meters per year to Gas Natural Fenosa, representing 8 percent of the Spanish annual natural gas consumption.

The three-train Yamal LNG plant, designed to produce about 16.5 million tonnes per year, started liquefying natural gas from the South Tambey field on the Yamal Peninsula in December.

The facility is currently producing at about 109 percent capacity or close to 6 million tonnes per annum Novatek’s finance chief Mark Gyetvay told LNG World News in an interview.

He added that the shareholders in the $27 billion Yamal LNG project, France’s Total, China’s CNPC and Silk Road Fund in addition to the project operator Novatek, have also approved the fourth train with a 900,000 tonnes per year production capacity.

Gas Natural Fenosa said the volumes delivered by the ice-class LNG carrier will be used to supply southwestern Europe.

Share this article

Follow LNG World News


<< Nov 2018 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

The International Gas Cooperation Summit (IGCS)

The Summit will put the objectives of South Africa and the region at the forefront of international gas development…

read more >

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG India Summit 2018

After three successful editions, LNG Summit is back with yet another edition for chief LNG…

read more >