Sunday, December 9, 2018

Novatek to Open Third Line of Yamal Project in December

October 2, 2018

(File photo: SCF Group)

Russian natural gas producer Novatek (NVTK.ME) plans to open the third line of its Yamal liquefied natural gas project in December, ahead of schedule, Chief Executive Leonid Mikhelson said on Tuesday.

Novatek's Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017, with two trains now running at capacity.

(Reporting by Oksana Kobzeva; Writing by Polina Ivanova; Editing by Louise Heavens)

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