Trump’s First Trade Pact Offers Faint Glimpse on Art of the Deal
For global leaders puzzling over how to negotiate with Donald Trump, the US president’s inaugural pact with the UK offers a few clues on how much ground he’s prepared to give.
Yamal LNG blew past its nameplate capacity in its first full year of having all three liquefaction trains in operation.
Novatek’s Yamal LNG, which recently celebrated 30 million tons shipped since its inauguration in December 2017, announced last week it produced 18.4 million tons of LNG in 2019, exceeding the plant’s design capacity by 11 percent or 1.9 million tons.
The Yamal LNG plant consists of LNG trains of 5.5 million tons per year (mpta) each and one LNG train of 900 thousand tons per year. The facility produces LNG from hydrocarbons extracted from the South-Tambeyskoye field in the Russian Arctic. The first LNG Train began production in Q4 2017, while trains 2 and 3 started in July 2018 and November 2018, respectively.
During summer months, LNG produced at Yamal LNG is shipped to Northeast Asia via the Northern Sea Route on board a fleet of 15 Arc7 icebreaking LNG carriers. In winter, the ships travel westward to Europe, with transshipment through one of several European regasification terminals.
The project last week announced its milestone 30 millionth ton shipped onboard the Nikolay Yevgenov. The shipment marked the 411th cargo lifted from the plant.
The 299-meter-long tankers can carry up to 172,600 cubic meters of liquefied natural gas. With ice-class Arc7, the vessels are capable of operating year-round in the Arctic without the support of icebreakers.
Yamal LNG shareholders include PAO NOVATEK (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up