Kamchatka is closer to key LNG markets China, Japan and South Korea than competing projects in Australia and Qatar
Russia’s Arctic LNG 2 advances
Contract award for the construction of a transshipment terminal is a step forward for the project
Russian state-owned Rosmorport has contracted a Chinese firm to help construct an LNG transshipment terminal in Russia’s Far East in support of Russian independent Novatek’s Arctic LNG 2 project. China Communications Construction Company will dredge Bechevinskaya Bay in Kamchatka and design and construct the planned 21mn t/yr terminal. The facility will serve as a storage site for LNG shipments bound for the Pacific. Another transshipment terminal with the same capacity will also be built in Ura Bay, around 40km from Murmansk. Both terminals will be operational by the time Arctic LNG 2 starts up in 2023, says Novatek CFO and deputy chairman Mark Gyetvay, who adds there is also the option of
Also in this section
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
11 March 2025
Iran, Iraq, Venezuela, Nigeria and Kazakhstan all add significant volumes as core OPEC-9 feels the strain of compliance
11 March 2025
Investor certainty key to diversifying country’s oil and gas exports amid fresh talk of improving infrastructure to boost energy security
