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Novatek to increase the capacity of the complex in Ust-Luga to 10 million tons in 2022

CIS GAS MONETISATION

Novatek to increase the capacity of the complex in Ust-Luga to 10 million tons in 2022

Novatek plans to launch the third phase of the refinery complex in Ust-Luga, which will generate 3 million tons of gas condensate per year, Rupec reports.

Thus, the launch will produce an additional 1.5-2 million tons of light and heavy naphtha, kerosene, diesel fraction and fuel oil.

Hydrocracking is also under construction at the complex site, which will be launched in 2020. The capacity of the unit will not exceed 1 million tons.

The production of high value-added products at the Ust-Luga complex has a significant positive impact on the profitability of liquid hydrocarbons sales and the company's cash flows.

Novatek's press office

In 2019, the Ust-Luga complex processed 6.9 million tons of stable gas condensate, 0.7% less than in 2018. According to preliminary data, the finished product sales amounted to 6.98 million tons for the year, including 4.51 million tons of naphtha, 1.07 million tons of kerosene, 1.4 million tons of fuel oil and diesel fraction.

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