LUKOIL looks into creation of offshore transshipment complex in Murmansk Region

LUKOIL looks into creation of an offshore complex for oil transshipment in the Murmansk Region. As of today, export oil shipped from the Varandey terminal (Nenets Autonomous District, Timan-Pechora oil and gas province) is reloaded at the offshore  terminal near Kirkenes (Norway). According to the information available to IAA PortNews, LUKOIL mulls shifting of this transshipment to the Murmansk Region.

As First Vice Governor of the Murmansk Region Aleksei Tyukavin told IAA PortNews, Murmansk Region Government is willing to ensure everything necessary for shifting the transshipment of LUKOIL cargoes to a domestic offshore terminal. The Region’s Government repeatedly invited the Company to discuss possible solutions available in the Murmansk Region.

In May 2015, Norterminal and its subsidiary Norterminal Floating Storage AS announced their plans to expand annual capacity of the oil terminal in Kirkenes from 3 mln t to 6 mln t to boost transshipment of Russian oil.

The demand of LUKOIL for transshipment of oil shipped from Varandey is estimated at some 7 mln t per year.