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Russia's Novatek may raise naphtha exports to 600,000 t/month from Ust-Luga

Russian energy company Novatek may boost exports of naphtha from its Ust-Luga complex on the Baltic Sea to up to 600,000 tons (t) a month after maintenance and thanks to a new processing unit, two industry sources said on Tuesday.

They said Novatek raised operations at all the three condensate fractionation units earlier in November at the complex to capacity of 25,000 tpd.

In August, Novatek started operations at its new processing unit at the complex.

In October, Novatek exported around 385,000 t of naphtha, almost 110,000 t of jet fuel and some 42,000 t of gasoil from the complex, according to the industry sources and LSEG data.

The new refining unit has a capacity of 3 MMtpy of gas condensate - a liquid feedstock similar to light crude oil, processing it into light and heavy naphtha, jet fuel, fuel oil and gasoil.

In 2023, the complex processed 7 metric MMtpy of gas condensate, Novatek data showed.

Novatek exports naphtha mostly to Asia, including China, Singapore, Taiwan and Malaysia, LSEG data shows.

 

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