The Novatek plant will resume large-scale operations at its Ust-Luga processing complex and terminal in the Baltic Sea within a few weeks.
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We believe the plant is likely to return to significant capacity within weeks or, at worst, months,” analysts at Moscow brokerage BCS told Reuters.
Now Novatek will be forced to export more gas condensate instead of high-margin fuel through other terminals.
Investment bank Sinara said that a quarter of Novatek’s revenue could suffer due to this incident.
Bloomberg previously reported that the Russian fuel plant Novatek suspended operations after a fire caused by a Ukrainian drone strike.
The enterprise, located on the shores of the Baltic Sea, processed gas condensate into petroleum products sent abroad.
Source: Racurs
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