21 Billion Rubles to Invest in the LNG Terminal in Kamchatka

SeaNews, June 7, 2021

More than 21 billion rubles will be invested in the creation of an offshore LNG transshipment facility in the Bechevinskaya Bay (Kamchatka Territory). Prime Minister Mikhail Mishustin signed the corresponding decree No. 855 on June 2, 2021. The document was published on the website of the Russian government.

According to the document, the allocated funds will go to the construction of a 6 km-long approach channel to the seaport where transshipment will be carried out. Construction is planned to accomplish in 2023. After commissioning, the facility will remain the federal property.

The new facility in the Bechevinskaya Bay will process the transshipment of LNG from ice-class LNG carriers traveling from the Gulf of Ob to LNG carriers without ice reinforcement, which will deliver gas to consumers in the Asia-Pacific region. Part of the gas will go to meet the communal needs in the Kamchatka Territory.

The new terminal will handle about 21.7 million tons of LNG annually, the document says.

As a result of PM Mishustin’s working trip to the Far East in August last year, the Prime Minister ordered to conclude government contracts necessary for the implementation of the project.

The launch of the terminal will diversify the supply of Russian LNG, increase cargo turnover in the NSR water area, as well as meet the needs of the Kamchatka Territory in blue fuel, the report says. As a reminder, within the framework of the St. Petersburg International Economic Forum, “Novatek” and “Total Energies SE” signed a sale and purchase agreement for a 10% stake in “Arctic Perevalka” LLC, the operator of two LNG transshipment facilities under construction in Kamchatka and the Murmansk region.

Source: https://seanews.ru/2021/06/07/ru-21-mlrd-na-spg-terminal-na-kamchatke/

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