Sunday, December 10, 2017

Russia's Yamal LNG loads its first export cargo -CNPC

Dec 11 (Reuters) -

* Russia’s Yamal liquefied natural gas (LNG) project over the weekend loaded its first export cargo of 170,000 cubic metres of the super-chilled fuel from its Arctic terminal, according to China state energy group CNPC.

* The cargo is headed for Europe, said CNPC on its website on Monday, without giving further details. CNPC is an investor in the project.

* The first phase of the $27 billion project was completed in December. Other phases are due to onstream in 2018 and 2019, and the project will eventually have four processing units with total capacity of 17.5 million tonnes a year.

* China will take more than 4 million tonnes out of the total a year when full operation is reached, said the firm.
* Russia’s Novatek has provisionally set Dec 8 as the official launch date for the plant, Reuters has reported.

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