Total CEO says first Yamal LNG cargo expected by October

Yamal LNG (Image courtesy of Novatek)

Total Chief Executive Patrick Pouyanne said on Thursday that the first shipment from the $27 billion Yamal LNG project it is developing in Russia with Novatek could be sent before October this year.

Pouyanne said during a presentation to investors on Total’s 2016 financial results that Novatek’s CEO Leonid Mikhelson told him that the first LNG shipment would leave the facility by October.

“Mister Mikhelson promised to me that they will deliver LNG by October 2017… I trust him…,” Pouyanne said during the presentation.

The liquefied natural gas project in the Yamal peninsula in Siberia is expected to produce a total of 16.5 million tonnes of LNG per year. Almost all of the volumes from the project have already been contracted.

Shareholders in the Yamal LNG project are Novatek, as the operator with a 50.1 percent stake, CNPC and Total with 20 percent stake each and China’s Silk Road Fund with a 9.9 percent stake.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
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 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >