Date: 10 months ago   Category: Energy

Novatek invests in the LNG terminal on Kamchatka 70 billion rubles — Rambler News Service


Novatek has signed the agreement with the government of Kamchatka Krai and the Ministry for the Development of the Russian Far East on construction of sea transshipment facility on transfer and storage of the liquefied natural gas (LNG) in the territory Kamchatka, the press service of the company has reported. "The agreement provides the volume of investment of Novatek of about 70 billion rubles. The Ministry for the Development of the Russian Far East together with the government of Kamchatka Krai support the project and we intend to render assistance in his realization" — it is said in the statement. The document has been signed within East economic forum which takes place in Vladivostok. The chairman of the board of Novatek Leonid Mikhelson has noted that construction of a new complex as a result will allow to optimize logistics and will make supply of LNG from Yamal and Gydan more effective. According to the chairman of the board of Novatek Leonid Mikhelson, further the company intends to create a hub for delivery of LNG to the countries of the Pacific Rim that will positively influence development of the Northern Sea Route and optimization of use of the Arctic tanker fleet. In addition, construction of a complex will positively affect the Far East economy, quantity of jobs and gasification of Kamchatka, he has noted.

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