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The Russian government approved a plan for the construction of a sea transshipment complex in Kamchatka

The Russian government has approved a comprehensive plan for the implementation of the construction of a marine transshipment complex (LPG) of liquefied natural gas in Bechevinskaya Bay in Kamchatka. It will allow gas to be transferred via the Northern Sea Route from the Sabetta seaport in the Gulf of Ob to the countries of the Asia-Pacific region.

The project will build two floating LNG storage facilities, an access channel in the Bechevinsky bay, a berth of the port fleet, create a system in Kamchatka and ensure the safe movement of ships. The issue of gasification of the region due to the boil off gas generated during transportation will also be resolved.

As noted in communication The Russian government’s implementation of the project will increase the volume of transportation along the Northern Sea Route from 9,7 million tons in 2017 to 31,4 million tons by the end of 2026. Also, the project intends to attract about 70 billion rubles in private investment.

The creation of port infrastructure in Bechevinskaya Bay Ministry of Eastern Development is ready allocate 5,2 billion rubles. The total amount of public and private investment in construction will be 108 billion rubles, 69,5 billion of which will be private investment. To work with foreign vessels that will approach the terminal for transshipment of liquefied natural gas, Novatek wantsexpand the boundaries of the seaport Petropavlovsk-Kamchatsky in the waters of the Bechevinsky bay.

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