24 Apr 2019 09:26

Novatek postpones launch of hydrocracker in Ust-Luga to 2020

MOSCOW. April 24 (Interfax) - Novatek plans to begin construction in 2019 on a hydrocracking unit at its complex in Ust-Luga, which will make it possible to reduce the share of ship fuel component and diesel fraction and increase the share of light oil products.

"We plan to put the unit into operation in 2020," the Russian gas producer said in its annual report.

It was reported earlier that the company plans to build and launch the unit in mid-2019.