NOVATEK LNG FOR BRAZIL
NOVATEK - PAO NOVATEK ("NOVATEK" and/or the "Company") announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.
"Our LNG marketing strategy aims to diversify our supply geography and customer base," noted Leonid Mikhelson, NOVATEK's Chairman of the Management Board. "This shipment represents our first LNG cargo produced by our own production to the Latin American market, and confirms the viability of our logistical model and unique geographical location of the Yamal LNG project to deliver competitively priced LNG to any part of the world."
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