Published by
Joseph Green,
Editor
LNG Industry,
According to the latest report from Reuters, Russia’s Novatek sees a global glut in LNG dwindling rapidly due to lack of the new projects while future LNG demand will increase.
Chief Financial Officer Mark Gyetvay said Novatek had shipped 12 LNG cargoes and three gas condensate cargoes since launching its first LNG plant on the Yamal peninsula in 2017.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23022018/novatek-sees-lng-demand-forecast-rising/
Up to 7.5 billion m3/y of natural gas are to be handled via this terminal as quickly as possible. This is approximately 8.5% of Germany’s current gas demand per year.