Petropavlovsk Branch News

Director of the Petropavlovsk Branch takes part in work meetings to discuss implementation of an investment project to create liquefied natural gas marine transshipping complex in Kamchatka

Director of the Petropavlovsk Branch Sergei Mazhirin took part in the working meetings chaired by Kamchatka Territory Government Deputy Chairman Yuri Zubar on March 20-21, 2018. The meetings involved representatives of PJSC NOVATEK and Japanese companies MARUBENI and MOL and were focused on the due implementation of an investment project to create liquefied natural gas marine transshipping complex in Kamchatka.

Last October the Kamchatka Territory Government and PJSC NOVATEK signed an agreement on cooperation to create a liquefied natural gas transshipping sea terminal in the region. The parties undertook a commitment to create organizational and economic conditions for building an LNG transshipping terminal on the eastern coast of Kamchatka Territory to overload liquefied natural gas on conventional LNG vessels from Arctic LNG carriers.

During the meeting, the Japanese delegation presented facilities and technical possibilities of its companies taking part in the implementation of a large-scale project to construct a transshipping complex in Kamchatka Territory. The parties also discussed the weather peculiarities of Kamchatka and the Territory’s maritime logistics in the winter, gas supply of the region and technical issues of the creation and services of the necessary infrastructure. Special attention was paid to the advantages of the region where the project is planned to be implemented.

Upon discussions a necessary analysis has been made, based on which a final decision was taken to choose the site of the terminal.

The implementation of the project will have a considerable impact on the development of the transport infrastructure, trade, economic, scientific and technical relations of Kamchatka Territory and gas supply of the region. It is expected that the terminal capacity is up to 20 million tons per year. The terminal is planned to function for over 40 years. The works on the construction of the terminal are scheduled to be completed no sooner than in 2022-2023.