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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