Ceremonial opening of NOVATEK terminal to take place in Ust-Luga on June 19, 2013
Ceremonial opening of NOVATEK terminal will take place in Ust-Luga on June 19, 2013, the Company told IAA PortNews.
NOVATEK production complex in Ust-Luga comprises the facilities on fractionation and transshipment of stable gas condensate. When the complex is fully operational, it will be able to process up to 6 mln t of SGC and to produce naphta, diesel fuel, aviation kerosene and furnace oil.
NOVATEK OJSC is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 90% of Russia’s natural gas production and approximately 17% of the world’s gas production.
