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Novatek operated Russian LNG export terminal at Ust-Luga caught fire

The LNG export terminal of the Russian Novatek natural gas company caught on fire in the port of Ust-Luga in the Leningrad region. The Russian governor Alexander Drozdenko of Leningrad region had announced the fire incident early on Sunday on Telegram. Novatek is the largest independent natural gas producer in Russia and supplies LNG to European as well as the North Asian buyers.

The governor Alexander Drozdenko stated that no casualties have been reported but other Russian media sources suggested that 150 people were evacuated. The Kingiseppsky district where the plant is located has been put on high alert. The cause of the fire has not yet been determined but some media reports suggested the fire could have been caused by the Ukrainian drones cited in the area.

Novatek is Russia's largest producer of liquified natural gas. The U.S. introduced sanctions against one of Novatek's major production entities, the Arctic LNG-2 project, for which it has a 60% share.

Last month Novatek had issued force majeure declarations to multiple clients following sanctions imposed by the U.S. on Russian LNG major in November 2023.