Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Facility Connectivity

Yamal LNG project reaches full production capacity

December 13, 2018


Abstract : Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third or last production line here Tuesday and thus reached its full capacity.

图片1

Russian Prime Ministry Dmitry Medvedev speaks at a ceremony marking the launch of the third production line of the Yamal liquefied natural gas (LNG) project in the port of Sabetta on Russia's Yamal peninsula on December 11, 2018. (Xinhua/Zhang Ruoxuan)

SABETTA, Russia, Dec. 13 (Xinhua) -- Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third or last production line here Tuesday and thus reached its full capacity.

Russian Prime Minister Dmitry Medvedev gave an order through a video conference to load a cargo ship with LNG produced in the third line at Sabetta port on Yamal Peninsula.

The project, a success for all participants, is significant to Russia's energy industry and its global cooperation, Medvedev said, adding that it is also conducive to better international transport infrastructure, including the Arctic shipping route.

Russia had fruitful cooperation with European partners in the past and it now eyes the Asian market, he said.

The project contributes to China's energy security, said Qin Weizhong, deputy general manager of China National Petroleum Corporation (CNPC).

The plant also boosted investment in Russia, increased its tax revenue and created local jobs, Qin said.

The Yamal LNG project is owned by Russia's Novatek (50.1 percent), France's Total (20 percent), CNPC (20 percent) and China's Silk Road Fund (9.9 percent).

The plant consists of three production lines with each having a capacity of 5.5 million tons per year. The first production line started operation in December 2017 and the second one was launched in August 2018.

CNPC received the first ship of Yamal LNG supplied to China in July 2018 and it will import 3 million tons of Yamal LNG every year from 2019.

Scan the QR code and push it to your mobile phone

Keyword: China Russia Yamal-LNG-project

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial