PAO Novatek has signed a trilateral Memorandum of Understanding (MOU) with Marubeni Corp. and Mitsui O.S.K. Lines Ltd (MOL).
The MOU defines includes a specific action plan to explore the opportunities to establish an LNG transshipment and marketing complex in the Kamchatka Region, Russia, including investments in this infrastructure project.
The Chairman of Novatek’s Management Board, Leonid Mikhelson, commented: "One of the main advantages of creating an LNG transshipment terminal at Kamchatka is its close proximity to consumers and the opportunity to ensure flexible sales terms for the key consuming markets of the Asian-Pacific region. The MOU demonstrates a high market interest and relevancy for this type of project to address market needs.”