PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas & Power Asia Pte. Ltd., a wholly owned subsidiary, shipped the first cargo of liquefied natural gas (“LNG”) from the Yamal LNG project to the United Arab Emirates under a spot contract. The LNG cargo was transshipped in Europe onto the conventional LNG tanker “Yamal Spirit” and delivered to the Jebel Ali LNG Terminal in accordance with the contract’s delivery schedule.
“With our first shipment to the United Arab Emirates, we are expanding the geography of our LNG supplies,” noted Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board. “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.”