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Novatek signs cooperation agreement with the Kamchatka Territorial Government

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LNG Industry,


Pao Novatek has signed a cooperation agreement with the Kamchatka Territorial Government that will facilitate the building of a sea terminal facility for reloading 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 favourable economic and organisational conditions to build a sea terminal facility for reloading LNG from Arctic ice-class tankers to conventional LNG tankers on the east coast of the Kamchatka Peninsula.

The Chairman of Novatek’s Management Board Leonid Mikhelson noted: "The construction of a sea terminal facility for reloading operations will optimise 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.”

The cooperation agreement will facilitate the development of transport infrastructure, trading, economic, research and technology ties at the Kamchatka Territory, will 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.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/24102017/novatek-signs-cooperation-agreement-with-kamchatka-territorial-government/

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