Novatek to build LNG reload terminal at Kamchatka

Russian natural gas producer PAO NOVATEK has signed a Cooperation Agreement with the Kamchatka Territorial Government, on building a sea terminal facility for reloading liquefied natural gas (LNG) at Kamchatka.

The Cooperation Agreement was signed by the Chairman of NOVATEK’s Management Board Leonid Mikhelson and Kamchatka’s Governor Vladimir Ilukhin.

The parties agreed to create favorable economic and organizational conditions to build a sea terminal facility for reloading LNG from Arctic ice-class tankers to conventional LNG tankers, at the East Coast of Kamchatka Peninsula.

Namely, the cooperation is expected to facilitate the development of transport infrastructure, trading, economic, research and technology ties at the Kamchatka Territory, to create additional jobs in the region, as well as create conditions for Kamchatka’s gasification, using the boil-off gas from the reloading terminal to generate power and support utility industries on the Kamchatka Peninsula.

    The Chairman of NOVATEK’s Management Board Leonid Mikhelson noted: “The construction of a sea terminal facility for reloading operations will  optimize the logistics of LNG supplies from the Arctic region, stimulate usage of the Northern Sea Route, and create a new LNG supply hub for Asian-Pacific regional consumers.”