OREANDA-NEWS. September 15, 2010. NOVATEK (“NOVATEK” and/or the “Company) has announced the successful delivery of a consignment of its stable gas condensate to China National Offshore Oil Company (CNOOC) via the Arctic Ocean’s Northern Sea Route.

The cargo of stable gas condensate, produced at NOVATEK’s Purovsky Gas Condensate Stabilization Plant, traveled from Russia’s Murmansk Port to China’s Ningbo Port in 22 days, approximately half the time required by the traditional shipping route through the Suez Canal.

The success of the first high-tonnage shipment, combined with the significantly reduced delivery time, demonstrates the possibility for future trade with China and other countries of the Asian-Pacific region using the Northern Sea Route as well as providing additional logistical options for developing hydrocarbon fields on the Yamal peninsula and arctic shelf.

An Aframax class tanker from Russian shipbuilder and operator, OAO Sovcomflot, was used to transport the stable gas condensate via the Northern Sea Route with icebreaking support provided by the Russian Federation’s, Atomflot.