Russia's NOVATEK shipped first LNG cargo to United Arab Emirates
PAO NOVATEK today unveiled that NOVATEK Gas & Power Asia Pte Ltd, a wholly owned subsidiary, has shipped the first shipment of liquefied natural gas from the Yamal LNG project to the United Arab Emirates under a spot contract.
“With our first shipment to the United Arab Emirates, we are expanding the geography of our LNG supplies. The high-quality resource base in the Russian Arctic region, state-of-the-art technologies implemented by NOVATEK's LNG projects and our proven logistics solutions ensure cost-competitive supplies to almost any global LNG markets," stated Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board.
PAO NOVATEK is Russia's largest independent natural gas producer and joined the global LNG market in 2017 with the successful launch of the Yamal LNG project. The company was founded in 1994 and is engaged in the exploration , production , refining and marketing of natural gas and liquid hydrocarbons.
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