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Russia's Novatek resumes processing at damaged Ust-Luga complex

(Reuters) - Russian energy company Novatek resumed gas condensate processing at its Ust-Luga complex on Feb. 11, two industry sources said on Wednesday, after the site was damaged last month by a suspected Ukrainian drone attack.

The complex processed about 18,000 metric tons of gas condensate over Feb. 11-12, the sources said.

Novatek did not respond immediately to a request for comment.

Novatek was forced to suspend some operations at Ust-Luga, a huge Baltic Sea fuel export terminal and processing complex, due to a fire on Jan. 21 started by what Ukrainian media said was a drone attack.

On Jan. 24, the company resumed fuel loadings at the Ust-Luga terminal, but exported fuel produced before the fire and held in storage tanks as well as gas condensate.

The Ust-Luga complex, launched in 2013, processes gas condensate into light and heavy naphtha, jet fuel, ship fuel component (fuel oil) and gasoil, and enables the company to ship oil products as well as gas condensate to international markets.

Novatek produces mostly naphtha for Asia, including China, Singapore, Taiwan and Malaysia, as well as jet fuel with delivery to Istanbul for Turkish Airlines THYAO.IS.

In 2023, the Ust-Luga complex processed 7 million metric tons of gas condensate, according to Novatek data.

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