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Money for the LNG terminal in Kamchatka again asked Novatek from Putin

Money for the LNG terminal in Kamchatka again asked Novatek from Putin
Photo: pixabay.com

The main owner of NOVATEK, Leonid Mikhelson, again asked the Russian president to allocate 20 billion rubles for the terminal for transshipment of liquefied natural gas in Kamchatka. Financing is necessary for the federal infrastructure - the berth and other facilities that a private investor cannot legally own.

NOVATEK itself, together with Total, Chinese CNPC and CNOOC, as well as Japanese Mitsui plans to invest billions of rubles in the 60 terminal. The company has already asked the government for support, then it was about 28 billion, but the authorities could not find money for this project and did not include it in the budget for 2020-2022 years. The Ministry of Transport stated that a concession seems to be a likely mechanism for implementing the project.

As the Kommersant, Now the amount is reduced according to the design results. According to the source of the publication, the project was approved for inclusion in the comprehensive plan of the main infrastructure and included in the waiting list, while Vladimir Putin already instructed First Deputy Prime Minister Anton Siluanov, as well as Deputy Prime Ministers Yuri Trutnev and Maxim Akimov to consider Michelson’s appeal and make a decision on it .

In March, the Russian government approved a comprehensive plan implementation of the construction of a marine LNG transshipment complex on the peninsula. NOVATEK needs it to reduce the number of expensive ice tankers for passage along the Northern Sea Route.

NOVATEK will build two floating LNG storage, approach channel in Bechevinsky bay, port fleet berth. Ministry of Eastern Development previously stated that it’s ready allocate 5,2 billion rubles on the creation of port infrastructure in Bechevinsky Bay.