LNG

Yamal LNG shipments down to six in Q2

Russia’s Novatek sold six shipments of LNG from its Yamal plant in Q2, down from 10 in Q1.
By Staff reporter 27 July 2018 0 31929

Russia’s Novatek sold six shipments of LNG from its Yamal plant in Q2, down from 10 in Q1, Chief Financial Officer Mark Gyetvay said in a conference call.

He said the drop was partly a result of maintenance on the facility’s first train in May but was mainly caused by the start of LNG sales under long-term contracts.

Novatek brought forward the launch of the plant’s first train in Q1 and sold LNG solely on the spot market during the quarter.

It sold cargoes both...