Novatek cuts condensate exports

摘要

Rail shipments of condensate for export from Russia, including transit, shrank by almost a third against October on a daily average basis to 214,000t (57,800 b/d) last month. Novatek supplies registered a particularly sharp drop. Russia’s largest independent gas producer supplied just 34,300t by rail for export from Russia’s Baltic port of Ust-Luga in November, down from 85,800t. It almost halted supplies to Finland for Neste, having delivered 47,100t in October. Novatek cut deliveries for export after resuming supplies to its condensate fractionation unit at Ust-Luga, following the completion of maintenance in September-October, market participants say.