Yamal LNG ships 1st batch of LNG to Spain under long-term deal
MOSCOW, Jun 21 (PRIME) -- Russian liquefied natural gas (LNG) producer Yamal LNG has sent the first batch of LNG to SpainТs Gas Natural Fenosa under a 24-year contract, the company said in a statement on Thursday.
The annual supply volume under the contract amounts to 2.5 million tonnes.
The Yamal LNG project envisages construction of a 16.5-million-tonne LNG plant on the basis of the Yuzhno-Tambeiskoye field on the Yamal Peninsula. Novatek holds 50.1% in the project, FranceТs Total has 20%, ChinaТs CNPC owns 20% and ChinaТs Silk Road Fund holds 9.9%.