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Market Chatter: Russian Novatek Gas Processing Plant Damaged by Drone Attack in Ust-Luga

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A gas condensate processing complex at the Baltic Sea port of Ust-Luga and owned by Russia's Novatek was damaged during a drone attack on Thursday, Reuters reported, citing three unnamed industry sources.

The degree of damage caused was not clear but oil exports at the Ust-Luga terminal, one of Russia's biggest, were not impacted, two of the sources said. Novatek did not immediately answer Reuters' request for details.has emailed Novatek seeking comment.

Leningrad Region Governor Alexander Drozdenko had said on Telegram earlier on Friday that a drone attack had caused a fire at the port, as.

Terminals and port infrastructure have suffered damage from repeated attacks on Ust-Luga. The article said the capacity of Novatek's three processing units at the port have a capacity of 3 million metric tons a year, each.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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