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 Spain’s 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, France’s Total has 20%, China’s CNPC owns 20% and China’s Silk Road Fund holds 9.9%.

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