Russia's Novatek Plans To Finish Yamal LNG's 4th Factory Line In Q4

Russia's Novatek Plans to Finish Yamal LNG's 4th Factory Line in Q4

Russia's natural gas producer Novatek plans to finish the construction of Yamal LNG's fourth factory line in October-December, its chief financial officer, Mark Gyetvay, said Thursday

MOSCOW (Pakistan Point News / Sputnik - 30th July, 2020) Russia's natural gas producer Novatek plans to finish the construction of Yamal LNG's fourth factory line in October-December, its chief financial officer, Mark Gyetvay, said Thursday.

Gyetvay, a deputy chairman of the company's management board, said during a teleconference that the production line would become operational soon after it was completed. The line is expected to produce almost 1 million tonnes of liquefied natural gas a year.

Yamal LNG is an integrated project for natural gas production, liquefaction and marketing in Arctic Siberia. Its three factory lines produced 18.4 million tonnes of LNG last year, almost 2 million tonnes above their stated capacity.

Gyetvay estimated that the project operated at 119 percent of its capacity from April-June of this year, despite maintenance work and the temporary shutdown of two factory lines.