A new LNG complex may be constructed after PAO NOVATEK, Marubeni Corporation and Mitsui O.S.K. Lines signed a memorandum of understand that outlines their intention to explore the opportunities of establishing a facility in the Kamchatka Region of Russia.
The Chairman of NOVATEK’s Management Board, Leonid Mikhelson said: “One of the main advantages of creating an LNG transshipment terminal at Kamchatka is its close proximity to consumers and the opportunity to ensure flexible sales terms for the key consuming markets of the Asian-Pacific region. The MOU demonstrates a high market interest and relevancy for this type of project to address market needs”.
NOVATEK is one of the largest independent natural gas producers in Russia. Founded in 1994, the company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Its upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 16% of the world’s gas production.
For more information visit www.novatek.ru/en/
4th Dec 2017