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The fourth line of the "Yamal LNG" is built on 51% and will be completed in late 2019

"Oil of Russia" 26.07.2019 at 08:44

The Fourth stage of "Yamal LNG", which the project partners build their own liquefaction technologies NOVATEK, prepared in 51% overall construction is scheduled for completion in late 2019, said the Deputy Chairman of the management Board of the company mark Jetway.

"the General progress of the construction of the fourth stage of "Yamal LNG", as at 30 June amounted to 51% vs. 38% at the end of the first quarter," said Gemma in a conference call.

"We orientirueshsya to complete construction in late 2019 and the official launch of the line in the first quarter of 2020," he added.

the Top Manager also noted that LNG from the fourth line will be sold in the spot market.

Yamal LNG is a Russian project for liquefied natural gas on the basis of the South Tambeyskoye field. Shareholders – NOVATEK (50.1 per cent), Total (20%), CNPC (20%) and silk road Fund (9,9%). The project has built and launched three production line with capacity of 5.5 million tonnes each. Thus, the total plant capacity is 16.5 million tons per year, but the actual is 17.5 million tons. The construction of the fourth line by our own technology "NOVATEK" ("Arctic cascade") nearly 1 million tons.

Source: PRIME