Yamal LNG to Produce 5.5 Mn Tonnes of Liquefied Gas by End of 2018

(Image Courtesy: Arctic Now)

Yamal LNG will produce almost 5.5 million tonnes of liquefied gas by the end of 2018. “The production will reach almost 5.5 mln tonnes of LNG,” Novatek First Deputy CEO Alexander Fridman said on Tuesday.

The shareholders of Yamal LNG are: Novatek (50.1%), Total (20%), CNPC (20%) and the Silk Road Fund (9.9%). Yamal LNG is Novatek’s first LNG plant. The project is being implemented on the Yamal peninsula in Russia Arctic region.

It envisages the launch of three trains, each with the capacity of 5.5 million tonnes a year. The second and the third one will be put into operation in 2018-2019.

(Source: TASS)

Sea News, February 8