LNG transhipment terminal for Germany

The joint venture will design, construct, finance, own and operate a mid-scale LNG transshipment terminal with a capacity of approximately 300 thousand tonnes per annum at the port.

“One of our LNG strategic initiatives is to develop small- to medium-tonnage projects to target niche markets and customer segments,” said Leonid Mikhelson, NOVATEK’s Chairman of the Management Board.

“This approach allows us to build effective marketing channels on different markets. Moreover, the LNG Terminal at Rostock allows us to market LNG as a marine fuel and motor fuel instead of diesel and fuel oil that will contribute to decreasing emissions and improving the environment.”

LNG delivery

The LNG Terminal will receive LNG carriers from the Cryogas-Vysotsk liquefaction facility that NOVATEK is currently constructing in the port of Vysotsk located near the Saint-Petersburg area.

Further LNG deliveries to the consumer market will be made via trucks and there will also be an option of bunkering and loading of bunkering vessels.

PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project.