Novatek OAO Launches First Stage of Ust-Luga Complex

Novatek OAO announced the launch of the first stage of the Gas Condensate Fractionation and Transshipment Complex (the Ust-Luga Complex) located at the port of Ust-Luga on the Baltic Sea. The first stage of the Ust-Luga Complex includes a stable gas condensate fractionation unit with nameplate capacity of three million tons per annum, 520,000 cubic meters of storage facilities for feedstock and products, a deep-water berth equipped with loading arms capable of loading tankers up to 120,000 deadweight tons, administrative buildings and living quarters, engineering systems and networks, and sewage treatment facilities. The second stage of the Ust-Luga Complex, which is currently under construction, includes another stable gas condensate fractionation unit with a nameplate capacity of three million tons. The second stage is expected to be completed during the fourth quarter 2013.