LNG

Dec 1 (LNGJ) - Russian Yamal LNG plant operator, Novatek, said its Asian trading unit and Saibu Gas Co. of Japan completed their first joint trial delivery of liquefied natural gas in ISO containers to China's Tiger Gas for subsequent sales to Chinese buyers. The LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to the Chinese port of Shanghai under a spot contract.

   “Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,” declared Lev Feodosyev, Novatek’s First Deputy Chairman. “It is forecast that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan,” added Feodosyev.

Novatek, the second-largest Russian natural gas company after Gazprom and developer of the Yamal LNG project in the Arctic region of Russia, has supplied its first spot cargo as a marketing exercise sourced from the Trinidad liquefaction plant in the Caribbean and shipped to a customer in Chile.