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"NOVATEK" will make a resident of the TOP for the construction of an LNG terminal in Kamchatka - EastRussia | Far East

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"NOVATEK" will make a resident of the TOP for the construction of an LNG terminal in Kamchatka

On the margins of the fourth Eastern Economic Forum, Minvostokrazvitiya, the government of the Kamchatka Krai and PJSC NOVATEK will sign an agreement on the construction of a terminal for the reloading of liquefied natural gas in Bečevinskaya Bay. The estimated cost of the project is estimated at 108 billion rubles, 69,5 billion of which are private investments. Now the issue of granting the land plot to PJSC NOVATEK and getting them to lease the adjacent water area is being decided. Legal procedures have also begun to obtain the status of a resident of the TOP.

As Nikolai Pegin, general director of the Kamchatka Development Corporation JSC, pointed out, it is not difficult for a company that could create a unique plant and associated social and transport infrastructure beyond the Arctic Circle, in the village of Sabetta, in a territory with much more favorable climatic conditions IPC. Initially, all sides were inclined to locate the terminal in Avacha Bay, on the shores of which the necessary transport and energy infrastructure was basically created, but several factors forced to reconsider the original decision. In the end, the choice of experts stopped at the bay of Bečevinskaya, which has a direct outlet to the Pacific Ocean.

As the press service of the Corporation informs, in the bay of Bichevinskaya will carry out dredging works and create protective constructions from the tsunami. The terminal is planned to be put into production in the fourth quarter of the year 2022. The bulk of Russian and foreign experts are confident in the profitability of the project. In the company itself, it is planned to recoup the cost of the terminal construction in five years. According to NOVATEK estimates, shuttle technology can significantly reduce the cost of delivering liquefied natural gas to consumers from countries in South-East Asia. This explains the interest in the project from potential investors from Japan, South Korea, France and China. Japanese companies Marubeni and MOL are ready to participate in the construction.

The creation of the terminal in Bečevinska Bay will allow to optimize transport logistics when delivering LNG, other hydrocarbons from fields in the Arctic to Asian countries, and also to make a step for the possible conquest of the Oceania, Australia, South America market. Also, the construction of the terminal will stimulate the use of the transport and logistics potential of the Northern Sea Route by international shipping companies and may be the first stage of the transformation of Petropavlovsk-Kamchatsky into a large logistics hub on the route of the National Arctic Transport Line (NATL).