Novatek completes trial delivery to China of LNG in ISO containers

First shipment to China's Tiger Gas under spot contract LNG shipped in ISO containers to increase 'exponentially' to enable entry into downstream markets in China, Japan.

Novatek -- operator of the 16.5 million mt/year Yamal LNG facility in northern Russia -- made the delivery together with Japan's Saibu Gas for delivery to China's Tiger Gas under a spot contract.

"Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China," Novatek deputy chairman Lev Feodosyev said in a statement.

"It is forecasted that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan," Feodosyev said.

ISO -- or intermodal -- containers are standardized according to International Organization for Standardization (ISO) rules and are suitable for transportation by ship, rail and truck.

Novatek said the LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to Shanghai.

London — Russia's Novatek has completed its first trial delivery of LNG shipped in ISO containers to Shanghai, China, it said Dec. 1, as it eyes the use of ISO containers for entry into Asian downstream LNG markets.

Original source: https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/120120-russias-novatek-completes-trial-delivery-to-china-of-lng-in-iso-containers#:~:text=Russia's%20Novatek%20completes%20trial%20delivery%20to%20China%20of%20LNG%20in%20ISO%20containers,-Author%20Stuart%20Elliott&text=London%20%E2%80%94%20Russia's%20Novatek%20has%20completed,into%20Asian%20downstream%20LNG%20markets.

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”. Original source: https://www.novatek.ru/en/press/releases/index.php?result_15=ok&id_4=4166#form_15