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Novatek Starts LNG Sales in ISO Containers to China

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    Novatek Gas & Power Asia Pte. Ltd., a wholly owned subsidiary of Russia’s major independent gas producer Novatek, 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.

    According to Lev Feodosyev, First Deputy Chairman of the Novatek Management Board, “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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