Russian Novatek's Yamal LNG shipped the first cargo of liquefied natural gas to Spain's Gas Natural Fenosa in accordance with a long-term offtake agreement, the company announced Thursday.
Novatek said that annual sales volumes according to the 24-year contract were 2.5 million tons of LNG, which equals to more than 3 billion cubic meters of natural gas.
The 170 thousand cubic meter Arc7 ice-class LNG carrier Fedor Litke unloaded the first cargo in the port of Mugardos in accordance with the lifting and delivery schedule, the statement added.
Novatek's Board Chairman Leonid Mikhelson called the shipment "a new milestone in Russian natural gas deliveries," as it was the first Russian gas delivered under long-term agreements to Spain where Russian pipeline gas is not supplied.
"We look forward to fulfilling our long-term LNG contract by supplying clean-burning natural gas to Gas Natural Fenosa - the largest supplier of natural gas in the Spanish market," Mikhelson added.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr
