11 October 2012 13:04 [Source: ICIS news]
The deal represents Novatek’s first supply order from its new Ust-Luga Transhipment and Gas Fractionation complex, which is still under construction.
When completed, the facility, by the Baltic Sea, will have a gas processing capacity of 6m tonnes/year, and will produce naphtha, heating oil, diesel and jet fuel, the company said.
The first phase, with a capacity of 3m tonnes/year, is expected to be completed in the fourth quarter of this year, and the plant is expected to come fully on stream by Q4 2015.
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