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The government has expanded the boundaries of the Kamchatka ASEZ

The government has expanded the boundaries of the Kamchatka ASEZ

Prime Minister Dmitry Medvedev signed a decree on expanding the borders of the Kamchatka’s priority development territory. This will allow implementing an investment project in the region for the construction of a marine transshipment complex for liquefied natural gas.

The TOR included land plots on which a potential resident - NOVATEK-Kamchatka LLC - plans to implement its project. It will help create about 200 jobs and attract about 70 billion rubles of private investment. Total revenues to budgets of all levels until the 2028 of the year will amount to more than 24,5 billion rubles.

The company will build two floating in Kamchatka 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.

NOVATEK, 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 on this project. Recently, Leonid Mikhelson again asked the president allocate 20 billion rubles for the terminal in Kamchatka. Money is needed for the federal infrastructure - the pier and other facilities that the private investor cannot legally own.

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