Novatek reports who will buy Yamal gas
Yamal LNG has distributed volumes of gas. Majority owner of the asset – independent gas producer Novatek – will buy 2.86 million tons per year and sell gas through Singaporean Novatek Gas & Power. Total (which has 20% share in the project) will take 4 million tons of LNG per year, the Interfax reports, referring to the representative of Novatek.
Let’s recall, previously it was reported about two other large contracts. Thus, a long-term agreement on supply of 2.5 million tons of LNG per year that is equal to 3.2 billion cubic meters of natural gas was signed with Spanish Gas Natural,Company, Fenosa. A contract with Petrochina (CNPC’s subsidiary) provides for at least 3 million tons.