LNG

Novatek signs agreement for Kamchatka LNG transshipment complex

Novatek has signed an agreement to build an LNG transshipment complex in Kamchatka.
By Staff reporter 11 September 2018 0 32494

Novatek has signed an agreement with the Russian Far East Development Ministry and the Kamchatka local government to build an LNG transshipment complex in Kamchatka.

The agreement, signed during the Eastern Economic Forum in Vladivostok this week, provides for investment of approximately RUB 70 billion ($999 million) by Novatek.

“The Far East Development Ministry with the government of the Kamchatka Territory supports the project and intends to render assistance in its implementation,” Novatek said.

The FEED stage is complete, and Novatek will perform a feasibility...