Mitsui O.S.K. Lines, Japan Bank for International Cooperation and NOVATEK have signed a Cooperation Agreement says a press release published on their website.
LNG Transshipment Projects
On 26 September 2019, a Cooperation Agreement for LNG Transshipment Projects in Kamchatka and Murmansk, the east and west of the Russian Federation was launched.
Construction of FSUs
The Projects will construct floating storage units to transship LNG cargoes from ice-breaking LNG ships to conventional LNG ships. The FSUs will be located in Kamchatka and in Murmansk and will be used for the transshipment of LNG cargoes produced by NOVATEK’s Yamal LNG Project and Arctic LNG 2 Project.
Utilization of transshipment hubs
By utilizing transshipment hubs in Kamchatka and Murmansk, marine transportation costs of LNG cargoes coming through the Northern Sea Route will be optimized. Furthermore, the Projects enable timely and stable delivery of LNG cargoes to LNG consumer countries.
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Source: MitsuiO.S.K.Lines
