Russia’s Novatek ships 1st Yamal LNG cargo to Brazil

Yamal LNG (Image courtesy of Novatek)

Russia’s Novatek, the operator of the giant Yamal LNG export project, has shipped its first cargo of the chilled fuel to the Brazilian market with LNG produced from the Arctic project. 

The Yamal cargo was delivered to the Bahia regasification terminal owned by Brazil’s energy giant Petrobras, Novatek said in a statement on Monday.

“Our LNG marketing strategy aims to diversify our supply geography and customer base,” Leonid Mikhelson, Novatek’s head said in the statement.

“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,” Mikhelson added.

The $27 billion Yamal project, Russia’s second LNG export project, currently ships LNG from two trains with a total capacity of about 11 million tonnes per annum.

The third train with a capacity of 5.5 million tonnes per year is expected to be launched by the end of this year.

Besides Novatek, Yamal LNG’s shareholders include France’s Total, China’s CNPC and Silk Road Fund.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 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 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >