Pao Novatek has announced that Yamal LNG shipped its first cargo of LNG to Spanish company Gas Natural Fenosa in accordance with a long-term offtake agreement.
The 170 000 m3 Arc7 ice-class LNG carrier ‘Fedor Litke’ unloaded the first cargo in the port of Mugardos in accordance with the lifting and delivery schedule. Annual sales volumes according to the 24-year long-term offtake contract are 2.5 million t of LNG, which equals to more than 3 billion m3 of natural gas.
Novatek’s Chairman of Management Board Leonid Mikhelson noted: "The first LNG tanker shipped today to Gas Natural Fenosa marks a new milestone in Russian natural gas deliveries as it is the first Russian gas delivered under long-term agreements to Spain where Russian pipeline gas is not supplied. We look forward to fulfilling our long-term LNG contract by supplying clean-burning natural gas to Gas Natural Fenosa – the largest supplier of natural gas in the Spanish market”.