Pao Novatek will work with the Kamchatka Territorial Government to construct the facility on the east coast of Kamchatka Peninsula for reloading LNG from Arctic ice-class tankers to conventional LNG tankers.
Leonid Mikhelson, chairman of Pao Novatek’s management board, said: “The construction of a sea terminal facility for reloading operations will optimize 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.”
Mr Mikhelson and Kamchatka’s Governor Vladimir Ilukhin signed a corporation agreement to facilitate the development of transport infrastructure, trading, economic, research and technology ties in Kamchatka.
The terminal is expected to 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.
Pao Novatek focuses on the exploration, production, processing and marketing of natural gas and liquid hydrocarbons.
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