Japan’s largest shipowner Mitsui OSK Lines (MOL) and compatriot trading house have today signed a memorandum of understanding in Moscow with PAO Novatek to develop a sizeable LNG transport network in the Kamchatka area in the far east of Russia.
Novatek is Russia’s largest independent gas production and sales company.
The three parties are looking at building an LNG transhipment and marketing complex in the Kamchatka area.
The potential project will create offshore infrastructure to tranship LNG cargoes from ice-breaking LNG ships to standard LNG ships. The LNG will be produced in LNG projects Novatek is implementing in the Arctic region.
“The Project will ensure flexible LNG supply to the Asia-Pacific region,” MOL said in a release.