NOVATEK LNG shipments to APR markets grow

NOVATEK, Russia’s largest independent natural gas producer, announced that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route during 2019 3Q, corporate web page reported. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 LNG delivered eastbound to the Asian Pacific markets via the NSR will be four times more than a year ago.

“The increase of LNG delivered eastbound via the NSR confirms the commercial priority of the Asia-Pacific region as a strategic direction for future deliveries of NOVATEK’s LNG,” Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board, noted. “Improving the navigational efficiency via the NSR combined with the construction of LNG transshipment complexes in Kamchatka peninsula and Murmansk Region will optimize the Company’s logistics chain.”

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