Coalition to ferry LNG from Kamtchatka and Murmansk
The Japanese carrier MOL, the Japan bank for International Cooperation (JBIC), and the Russian energy company Pao Novatek signed a cooperation agreement for LNG transshipment projects in Kamchatka and Murmansk. Thus, the east and west of the Russian Federation are involved.
The projects will construct floating storage units (“FSUs”) to transship LNG cargoes from ice-breaking LNG ships to conventional LNG ships. The FSUs will be located in Kamchatka and in Murmansk and be used for the transshipment of LNG cargoes produced by Novatek’s Yamal LNG project and arctic LNG 2 project.
By utilising transshipment hubs in these locations, marine transportation costs of LNG cargoes coming through the Northern sea route will be optimised. Furthermore, the projects enable timely and stable delivery of LNG cargoes to LNG consumer countries. (fd)