LNG

Novatek mulls transshipment facility in Russia’s far east

Novatek may build a 20 mtpa station to transfer Yamal LNG cargoes from ice-class vessels to standard tankers to reduce costs Novatek may build a 20 mtpa station to transfer Yamal LNG cargoes from ice-class vessels to standard tankers to reduce costs.
By Tom Hoskyns and Natalya Lebedkina 3 August 2017 0 27043
Work at the Yamal LNG plant. (Novatek)

Novatek is considering building a 20 mtpa LNG trans-shipment facility on Russia’s Kamchatka peninsula to reduce the cost of shipping volumes from Yamal to Asia via the Northern Sea Route.

The route, which is only navigable during the summer, requires expensive ice-class vessels.

The planned facility on Kamchatka, which lies in warmer waters, will allow cargoes to be transferred to conventional LNG carriers – which cost much less to run – before being dispatched to their final destination. This allows Novatek’s fleet of icebreaking tankers to...