NOVATEK TO CONSTRUCT LNG TRANSSHIPMENT COMPLEX IN KAMCHATKA
PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and the Government of the Kamchatka Territory signed an agreement of intent on implementing a project for the construction of a marine LNG transshipment complex in the territory of Kamchatka.
The Agreement provides for Novatek’s investment in the amount of approximately RR 70 billion. The Ministry of the Russian Federation for the Development of the Far East with the Government of the Kamchatka Territory supports the project and intends to render assistance in its implementation.
“The construction of the Kamchatka transshipment complex will increase the efficiency of LNG deliveries from the Arctic zone by optimizing transport logistics.” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board, “We plan to create a Russian LNG hub for shipments to consumers in the Asia-Pacific region. This investment will contribute to the development of the Northern Sea Route allowing for the optimal use of the existing Arctic tanker fleet. The project will give an additional impetus to the economy of the Far East, create additional jobs and facilitate gasification of Kamchatka by using the boil-off gas from the LNG transshipment complex.”
Novatek is still selecting the final site, but the $1.5 billion facility may be built Avachinskaya Bay (or Avacha Bay), a protected inlet on Kamchatka’s southeastern tip that is home to Petropavlovsk-Kamchatsky, the territory’s capital. (Source: Novatek – Image: Avachinskya Bay/Kunhmi)
- SO LONG ROWAN, SO LONG ENSCO – WELCOME TO VALARIS 04th July 2019
- LARGEST GAS FIND EVER FOR THAILAND’S PTTEP OFFSHORE SARAWAK 01st July 2019
- LM WIND POWER SHOWS OFF WORLD’S LONGEST WIND TURBINE BLADE 24th June 2019
- PIONEERING SPIRITS LIFTS 25,000 TON BRENT BRAVO TOPSIDES 20th June 2019
- TWO OIL TANKERS DAMAGED IN SUSPECTED ATTACK IN THE GULF OF OMAN 14th June 2019