PAO NOVATEK announced that Yamal LNG shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa in accordance with the long-term offtake agreement.

The 170 thousand cubic meter Arc7 ice-class LNG carrier “Fedor Litke” unloaded the first cargo in the port of Mugardos in accordance with the lifting and delivery schedule. Annual sales volumes according to the 24-year long-term offtake contract are 2.5 million tons of LNG, which equals to more than 3 billion cubic meters of natural gas.

About NOVATEK

NOVATEK’s Chairman of Management Board Leonid Mikhelson noted: "The first LNG tanker shipped today to Gas Natural Fenosa marks a new milestone in Russian natural gas deliveries as it is the first Russian gas delivered under long-term agreements to Spain where Russian pipeline gas is not supplied. We look forward to fulfilling our long-term LNG contract by supplying clean-burning natural gas to Gas Natural Fenosa – the largest supplier of natural gas in the Spanish market”.

PAO NOVATEK is one of the largest independent natural gas producers 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 mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol «NVTK».

About Gas Natural Fenosa

Gas Natural Fenosa is a leading Madrid-based multinational group in the energy sector leading the way in gas and electricity integration in Spain and Latin America. It operates in over 30 countries, has an installed capacity of 15.4 MW and a diversified electricity generation mix. It is also one of the largest natural gas distributors in Latin America. The company is focused on a commitment to service and safety for its over 18 million customers on all five continents and the more than 15,000 professionals it employs.

Gas Natural Fenosa is a leader in the commercialisation of gas in the Iberian Peninsula and one of the main liquefied natural gas (LNG) operators in the world, supplying LNG not only to Spain but customers around the world. It has been a world leader in LNG since 1969, operates throughout the gas value chain with a supply portfolio of 30bcm in the Atlantic and Mediterranean basins, and has a fleet of nine LNG tankers. As an expert in LNG, Gas Natural Fenosa develops LNG infrastructure at ports by offering customised solutions to shipping companies and is playing a crucial role in the Mediterranean bunkering market.