Reuters are reporting that Russia’s Novatek will start LNG supplies to Spanish energy company Gas Natural Fenosa in 2018.
Novatek and Gas Natural Fenosa signed a long-term contract in 2013, which envisages LNG supplies from Novatek's Yamal LNG project.
The 25-year contract with Fenosa which is worth more than US$33.53 billion was intended to deliver 2.5 million t of LNG per year to the Spanish partner.