PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that Yamal LNG shipped the first cargo of liquefied natural gas (“LNG”) to Japan in accordance with the long-term offtake agreement with TOTAL. The cargo was unloaded at the Tobata LNG Terminal in accordance with the buyers lifting and delivery schedule.
“Commencing LNG shipments to the Japanese market represents an important milestone for the Company as Japan is an important LNG market and one of the priority destinations in our LNG marketing strategy,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “Further development of our logistical chain using the Northern Sea Route and a transshipment terminal in Kamchatka will expand LNG supplies to Japan as well as strengthen trade and economic links between our respective countries”.
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