Novatek to Build LNG Terminal in Russia's Far East
October 23 2017 - 11:18AM
Dow Jones News
By Carlo Martuscelli
Novatek (NVTK.LN) said on Monday that it had signed an agreement
with the regional government of Kamchatka to build a liquefied
natural-gas terminal in the region in the far east of Russia.
The natural-gas producer said that the facility will allow
Arctic tankers to reload LNG onto conventional tankers.
Leonid Mikhelson, chairman of Novatek's management board, said
that the terminal will allow for the optimization of LNG supplies
from the Arctic region, stimulate the Northern Sea Route, and
create a new LNG supply hub for Asia-Pacific regional
consumers.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 23, 2017 11:03 ET (15:03 GMT)
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