Tag Archives: Novatek

U.S. domestic demand climbed to a record last week as snow and winds bombarded Americans on the East Coast.

Yamal LNG began commercial operation early this month.

The largest independent LNG company in Russia is Novatek.

Russia is looking to open new gas fields and selling to the international market.

Russia has three oil export terminals on its Arctic coast.

The Yamal project is an important step in Moscow’s efforts to build ties to China.

Despite challenging operating conditions. Yamal LNG was delivered on time and on budget.

Novatek owns a 50.1% stake in Yamal LNG. France’s Total and China National Petroleum Corp each control 20%. while China’s Silk Road Fund owns 9.9%.

At full capacity. the Yamal facility will be able to produce 16.5 million tonnes of liquefied natural gas a year.

As with Yamal. natural gas will be exported via the Northern Sea Route.