NOVATEK Starts LNG Sales in ISO Containers to China

PAO NOVATEK announced that Novatek Gas & Power Asia Pte Ltd, a wholly owned subsidiary, and Saibu Gas Co Ltd of Japan have successfully completed
NOVATEK Starts LNG Sales in ISO Containers to China
ISO ContainersLNG Trading Asia

PAO NOVATEK announced that Novatek Gas & Power Asia Pte Ltd, a wholly owned subsidiary, and Saibu Gas Co Ltd of Japan have successfully completed their first joint trial delivery of liquefied natural gas in ISO containers to China's Tiger Gas for subsequent sales of LNG in China. The LNG was delivered by sea in Tiger Gas-owned ISO containers from the Japanese Hibiki container terminal to Shanghai, China under a spot contract.

NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev said “Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China. It is forecasted that ISO containers of LNG will exponentially increase over the upcoming decades, allowing us to diversify our customer base by including small-scale LNG consumers and entering the downstream markets in China and Japan.”

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