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Novatek starts shipping LNG from new plant

Moscow - Novatek, Russia’s largest private gas producer, has started to export liquefied natural gas (LNG) from its newly built small-scale LNG plant in Russia’s Baltic Sea port of Vysotsk

Moscow - Novatek, Russia’s largest private gas producer, has started to export liquefied natural gas (LNG) from its newly built small-scale LNG plant in Russia’s Baltic Sea port of Vysotsk, Refinitiv Eikon shipping data showed.

Russia, one of the world’s top gas producers, aims to be a major player in LNG and to export as much as one of the global leaders in the market, Qatar. So far, Russia has two LNG plants in operation: Gazprom-led Sakhalin-2 on the Far East and Novatek’s Yamal LNG, on the Arctic Yamal peninsula.

Novatek, along with Gazprombank, has built but not yet officially launched its Vysotsk plant, which has a capacity of 660,000 tonnes of frozen gas per year. Novatek’s Yamal facility exports both to Europe and Asia and has a capacity of 16.5 million tonnes of frozen gas per year, with the possibility of expansion.

According to Refinitiv Eikon flows data, Novatek shipped seven cargoes with a total volume of 67,800 cubic meters of frozen gas between March 31 and April 16 from Vysotsk. Three cargoes were received by Lithuanian port Klaipeda, one each by the Finnish ports of Tahkoluoto (Pori) and Tornio, and the remaining two went to Visby and Nynashamn in Sweden.

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