Russian gas producer Novatek has secured a loan of EUR522m with a period of 16 years from Gazprombank to finance the construction of two floating gas storage facilities.
The 361,600 cu m FSUs will be built at an Asian yard, and will be deployed at Novatek’s Kamchatka and Murmansk Region projects in the Far East and used for year-round transshipment of LNG from the Arctic-ice class gas carriers onto conventional vessels.
The construction of the vessels will take three years.
Novatek is currently developing its largest gas project – Arctic LNG 2. Earlier this month, Smart LNG, the shipping joint venture between Sovcomflot (SCF) and Novatek, signed contracts with Zvezda Shipbuilding Complex to construct ten icebreaking Arc7 LNG carriers.