Novatek agrees deal to build LNG sea terminal facility

Russia’s largest independent natural gas producer PAO Novatek has signed a cooperation agreement with the Kamchatka territory government to build a sea terminal facility for reloading liquefied natural gas (LNG) at Kamchatka.

Under the agreement signed by the Chairman of NOVATEK’s Management Board Leonid Mikhelson and Kamchatka’s Governor Vladimir Ilukhin, the parties agreed to build a sea terminal facility for reloading LNG from Arctic ice-class tankers to conventional LNG tankers on the east coast of Kamchatka Peninsula.

“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,” said Mikhelson.