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Medvedev: Novatek complex will help gasify Kamchatka - EastRussia | Far East

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Medvedev: Novatek complex will help gasify Kamchatka

Prime Minister Dmitry Medvedev said that the creation of a complex for transshipping liquefied natural gas in Kamchatka would triple the volume of traffic along the Northern Sea Route, increase exports to the Asia-Pacific region, and implement a project to gasify the Kamchatka Territory.

The volume of private investment in the construction project in Bečevinskaya Bay of the LNG overload terminal with capacity of up to 20 million tons per year is about 70 billion rubles, the investor plans to launch the first stage of the complex in 2020.

According to Dmitry Medvedev, the project is important for the economy of the Far East, to strengthen Russia's position in the APR markets. Its successful implementation is also connected with support from the state: the creation of engineering and port infrastructure facilities. According to the press service of the Government of the Kamchatka Krai, there is a proposal to include a transshipment complex of Novatek and the adjacent water area to the borders of Kamchatka, however this will require changes to the legislation on such territories.

The Prime Minister noted that the complex will significantly improve the logistics of such strategic facilities as Yamal LNG. The Novatek facility will be able to receive ice-class tankers that transport gas through the Northern Sea Route from the port of Sabetta, and transfer them to conventional gas carriers for delivery to the APR countries.