Russia’s Novatek starts Yamal’s second LNG train, sends condensate to Middle East

Russia’s Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula ahead of schedule, as Moscow tries to become a significant global player on the supercooled-gas market.

Novatek, which controls Yamal LNG in which France’s Total along with China’s CNPC and the Silk Road Fund are minority shareholders, said the launch was made six months ahead of its initial schedule. Yamal ships LNG to Asia and Europe.

Along with LNG, the Yamal plant is producing gas condensate, a type of light oil, which can replace some Iranian supplies to Middle Eastern companies as the United States reimposes sanctions on Tehran, trading sources said…

 

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