PAO NOVATEK (NOVATEK) today announced that OAO Yamal LNG (the “Project”) started using a dedicated LNG transshipment tank at the Zeebrugge LNG terminal in Belgium as part of a 20-year transshipment agreement between the Project’s subsidiary Yamal Trade and Fluxys LNG NV/SA.
The dedicated LNG tank was built specifically for the transshipment needs of Yamal LNG with a capacity of 180,000 cubic meters, allowing the Project to transship up to 8 million tons of LNG per annum.
“The LNG tank construction for Yamal LNG began in Zeebrugge in 2015 and its commissioning is a key milestone for the Project,” noted Lev Feodosyev, NOVATEK’s First Deputy Chairman of the Management Board. “The use of a dedicated LNG tank increases the reliability of LNG supplies from Yamal LNG under long-term offtake agreements, as well as increases the number of LNG cargos transshipped in Europe for delivery to other markets, and, primarily, the fastest growing markets in Asia.”
Source: Novatek