NOVATEK Ships ISO LNG to China
NOVATEK announced that Novatek Gas & Power Asia, a wholly-owned subsidiary, and Japan’s Saibu Gas have successfully completed their first joint trial delivery of ISO LNG 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 in East China under a spot contract.
“Together with our partners, we have successfully completed our first trial delivery of LNG in ISO containers to China,” noted Lev Feodosyev, NOVATEK’s First Deputy Chairman of the 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.”
