Novatek Completes 2nd Stage of Gas Condensate Complex
Russia's Novatek announced Wednesday the completion of construction and the start of commissioning tests for the second stage of its gas condensate fractionation and trans-shipment complex at the port of Ust-Luga on the Baltic Sea.
Novatek said the second stage includes a stable gas condensate fractionation unit with nameplate capacity of three million tons per annum and an additional deep-water berth. Following the launch of the second stage facilities, overall gas condensate processing capacity at Ust-Luga will increase to six million tons per year.
Novatek CEO Leonid Mikhelson commented in a company statement:
"Completion of the Ust-Luga Complex is an important part of the expansion of our processing capacities ahead of significant increases in gas condensate production. Achieving full processing capacity at Ust-Luga supports our vertical integration of our production value chain and allows us to further diversify our product stream as well as our customer base for such products."
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