Novatek boosts LNG sales with European Union market’s rise

Tuesday, 24 January 2023
Free Read

LNG News Editor: 

Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II currently under threat from Western sanctions imposed because of the Ukraine invasion, has reported operating data for all of 2022 as it continued to supply cargoes to the European Union and dispatched 125 shipments last year.

Novatek’s 2022 total natural gas sales volumes, including LNG, aggregated to 76.55 billion cubic metres, represented an increase of 1.0 percent compared with the volumes sold in 2021.

EU customers

Cargoes from the Yamal plant in the Russian Arctic are still being unloaded in EU nations such as Belgium and the Netherlands and with the UK being the only country in northwest Europe to formally ban LNG from Russia.

Novatek’s Yamal plant delivered its most recent cargo to the Dutch Gate terminal in Rotterdam on January 15 on board the 173,000 cubic metres capacity vessel “Nikolay Zubov”, according to shipping data.

The cargo delivered to the Netherlands was lifted from Novatek’s Sabetta loading terminal on January 8.

The Zeebrugge LNG import terminal in Belgium was scheduled to receive two more Yamal LNG cargoes in late January, with the first for this period being on board the 173,000 carrier “Georgiy Brusilov”, data showed.

This shipment was lifted in Russia on January 12 and was scheduled for delivery to the Belgian facility.

Another Russian delivery was due at Zeebrugge on January 23 on board the 172,600 cubic metres capacity carrier “Georgiy Ushakov”.

Novatek said its overall hydrocarbon production totaled 638.9 million barrels of oil equivalent (boe) last year, including 82.14 billion cubic metres of natural gas and 11.9 million tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 12.6 million boe, or by 2.0 percent.

Related Video

Free Read