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Fuel tanker is loaded at Novatek’s Ust-Luga terminal


A tanker called Breeze is being loaded with fuel at Novatek’s NVTK.MM terminal at the Baltic Sea’s port of Ust-Luga, where the company’s fuel-producing complex was damaged earlier this month, according to industry sources and LSEG data.

It was not immediately clear which type of fuel was being loaded. The tanker has been used to deliver naphtha.

Novatek said earlier this month it had been forced to suspend some operations at the huge Baltic Sea fuel export terminal and “technological processes” at a nearby fuel-producing complex due to a fire, started by what Ukrainian media said was a drone attack.

Novatek resumed fuel loadings at its Ust-Luga terminal on Wednesday, according to industry sources and LSEG data. Operations at the processing complex have not yet resumed.

Russia will likely cut exports of naphtha by some 127,500 – 136,000 barrels per day, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas, according to traders and LSEG ship-tracking data.
Source: Market Screener 

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