Cryogas-Vysotsk Reaches LNG Milestone of One Million Tons

January 19, 2021

Moscow, 19 January 2021. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that Cryogas-Vysotsk, a joint venture with Gazprombank, has produced its one millionth ton of liquefied natural gas (LNG) since the project commenced operations in 2019.

During this period, Cryogas-Vysotsk has dispatched more than 200 LNG carriers and 1,200 trucks to a diverse geography including Finland, Sweden, Lithuania, the Netherlands, Estonia, Poland and Spain. The project supplied more than 80 trucks to the Russian domestic market as part of NOVATEK’s commercial activities to provide clean-burning LNG for the consumers in the Murmansk region and the Company’s network of LNG fueling stations.

NOVATEK’s Chairman of the Management Board Leonid Mikhelson noted: “Cryogas-Vysotsk has a broad and diverse geography of customers as this important project serves the entire Baltic region clean-burning natural gas needs amid tightening environmental requirements for marine and automotive fuels”.

Note
Cyrogas-Vysotsk is a medium-tonnage LNG project located in the port of Vysotsk, Leningrad Region of Russia on the Baltic Sea. The project’s design capacity is 660 thousand tons of LNG per annum, and its infrastructure includes a 42 thousand cubic meters LNG storage tank and an offloading berth designed to handle LNG carriers with a capacity of up to 30 thousand cubic meters. NOVATEK acquired a 51% participation interest in Cryogas-Vysotsk project in July 2017.

 

 

 

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