Japanese port milestone for gas company

Independent natural gas producer Pao Novatek announced that Novatek Gas & Power Asia Pte. Ltd., a wholly owned subsidiary, shipped the first cargo of LNG from the Yamal LNG project to the Ohgishima LNG Terminal in Japan.

The LNG cargo was transported eastbound via the Northern Sea Route by the LNG tanker Vladimir Rusanov and delivered under a spot contract. This LNG cargo is the Company’s first successful experience of entering and unloading an Arc 7 ice-class LNG tanker in a Japanese port, which allows the Company to increase the volume of LNG supplies to this country.

“We focus a significant amount of attention to develop and enhance the logistical scheme for our LNG projects,” noted Lev Feodosyev, Novatek’s first deputy chairman of the management board. “The future launch of a transshipment terminal in Kamchatka will significantly expand our opportunities to cost competitively deliver and supply LNG to the entire Asia-Pacific region.”

The delivery allows the company to increase the volume of LNG supplies to the country.