Novatek, Russia’s largest independent oil and gas producer, has confirmed the arrival of the company’s first liquefied natural gas (LNG) cargo to the United Arab Emirates (UAE), according to a press release.
The cargo, delivered by means of a spot contract, was shipped from Europe via the conventional LNG tanker “Yamal Spirit” and delivered to the Jebel Ali LNG Terminal in accordance with the contract’s delivery schedule.
Lev Feodosyev, Novatek’s Deputy Chairman, said, “With our first shipment to the United Arab Emirates, we are expanding the geography of our LNG supplies. The high-quality resource base in the Russian Arctic region, state-of-the-art technologies implemented by NOVATEK’s LNG projects, and our proven logistics solutions ensure cost-competitive supplies to almost any global LNG markets.”
In 2017, Novatek entered the global LNG market by launching the Yamal LNG project.