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NOVATEK is planning a LNG marine terminal in Kamchatka with a capacity of up to 20 million tons a year - EastRussia | Far East

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NOVATEK is planning a marine LNG terminal in Kamchatka with a capacity of up to 20 million tons per year

PJSC "NOVATEK" and the government of Kamchatka Territory signed an agreement on the construction of an LNG sea terminal, the press service of the Ministry of Oriental Development said on Tuesday. The parties undertake to create organizational and economic conditions for organizing on the east coast of Kamchatka LNG transshipment from Arctic gas carriers to ordinary gas carriers. The capacity of the terminal, designed for a period of operation over 40 years, will be up to 20 mln tons per year.

"The construction of the terminal will allow to optimize transport logistics when delivering LNG from the Arctic to consumers in the countries of the Asia-Pacific region, to stimulate the use of the Northern Sea Route routes, and in the future to create on the basis of the terminal terminal a new independent center for the formation of LNG prices in the Asia-Pacific region, the words of the chairman of the board of PJSC "NOVATEK" Leonid Mikhelson are quoted in the message. The project is planned to be realized not later than 2022-2023. Currently, the regional government and the investor are deciding on the use of state support measures, including TOR and port-franc regimes.

The agreement also provides for the development of the transport infrastructure, trade, economic and scientific-technical ties of the region and the creation of conditions for gasification of Kamchatka through the use of the stripper gas of the terminal at the energy facilities and the communal services of the peninsula. "We hope that with the implementation of this project we will solve a whole range of tasks. Firstly, these are new jobs and a large amount of tax revenue to the regional budget. Secondly, the implementation of the project involves the supply of additional volumes of blue fuel to the gas transportation system of the peninsula. This will ensure the need for new energy and municipal facilities of the region, as well as for commercial consumers - residents of the Kamchatka TOR site, industrial, construction and agricultural facilities of the region. We are also extremely interested in the further development of the Northern Sea Route. For the region, these are new opportunities in logistics and, most importantly, in the development of port activities. We are talking about the development of a fleet maintenance base - creating conditions for bunkering, supplying and repairing ships, "the press service of the regional governor Vladimir Ilyukhin said.

As it was reported, in the beginning of August the delegation of NOVATEK carried out a survey and technical assessment of sites for the proposed construction of the terminal in the bays of Vilyuchinskaya, Russkaya, Bchechivinskaya and Morzhova. The company is most interested in the Mokhovaya Bay in Petropavlovsk-Kamchatsky.