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Commodity - Russia launches Yamal Arctic Gas terminal.

Byline: S. Kamal Hayder Kazmi

Russia on Tuesday launched the first terminal for liquefied natural gas project, Yamal LNG, in the Russian Arctic, Russian gas producer Novatek said.

The Yamal project began production of liquefied natural gas (LNG) on the first production line intended to supply 5.5 million tons of LNG per year, Novatek said in a statement.

The project is led by Novatek with France's Total, China National Petroleum Corporation and Silk Road Fund. On Friday, the first liquefied natural gas is set to be shipped from the port of Sabetta on the Yamal peninsula. It will be transported on the world's first ice-class LNG tanker, named after Christophe de Margerie, the head of Total who was killed in a plane accident in Russia in 2014.

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Publication:Pakistan & Gulf Economist
Geographic Code:4EXRU
Date:Dec 17, 2017
Words:164
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