Novatek develops pre-FEED for LNG terminal on Kamchatka
© RIA Novosti. Alexandr Piragis

Novatek develops pre-FEED for LNG terminal on Kamchatka

Novatek has developed a pre-FEED for building the LNG terminal on Kamchatka, Deputy Chairman of the Novatek Management Board Mark Anthony Gyetvay told to RIA Novosti.

"The pre-FEED has been developed, and the FEED will be completed soon. The launch plans are the same as those for the Arctic LNG 2 (2022-2023)," Gyetvay said.

Novatek and Japan's Marubeni Corporation and Mitsui O.S.K. Lines Ltd. (MOL) signed a memorandum in late November, according to which the companies will study the possibility of creating an LNG transshipment and marketing complex on Kamchatka.

In October 2017, Novatek and the Kamchatka Territory Government signed a cooperation agreement to create an offshore LNG terminal in the region, the capacity of which Novatek previously estimated at 19 million metric tons of LNG per year. Capital costs for construction of the terminal may amount to 60 billion rubles.

"The capacity of one train will be about 6.6 million metric tons," said Gyetvay. There are plans to build a plant in three stages, according to the agency. Thus, the total capacity of the plant will be 19.8 million metric tons.  According to Gyetvay, this figure may change.