RF Government allocated over RUB 21 billion for construction of access canal to LNG terminal in Kamchatka Photo by IAA PortNews The document on budget investment is signed by Prime Minister Mikhail Mishustin More than RUB 21 billion will be invested into the construction of an LNG terminal in the Bechevinskaya Bay. According to the press center of RF Government, the related decree has been approved by Prime Minister Mikhail Mishustin. Those allocations will be used for construction of an access canal to the seaport engaged in handling of LNG The canal of over 6 kilometers long is expected to be put into operation in 2023 as a federally owned facility. The investment project on construction and development of transshipment facilities in the Bechevinskaya Bay of the Kamchatka Territory is intended for transshipment of liquefied natural gas (LNG) delivered from Sabetta port in the Gulf of Ob by ice-class gas carriers onto non-ice-class tankers for further delivery to the countries of the Asia-Pacific Region. The port infrastructure will include two floating LNG storage facilities, an access canal in the Bechevinskaya Bay, offshore points for ship-to-ship transshipment of LNG and a system ensuring safe traffic of vessels. The new terminal is supposed to handle about 21.7 million tonnes of LNG per year. It is Novatek’s wholly owned subsidiary Arctic Transshipment that implements the project. Apart from the LNG terminal in Kamchatka, Arctic Transshipment LLC will operate the LNG transshipment complex currently under construction in the Murmansk Region. RF Government earlier said the project on construction of LNG transshipment facility in Kamchatka had been put under special control of the state. The document is available in Russian >>>> Related links: Budget allocations for construction of LNG terminal in Kamchatka Territory to exceed RUB 21 billion >>>> KTK-Bunker is ready to service ships in Bechevinskaya Bay>>>> Budget for dredging in Bechevinskaya Bay almost doubled to about RUB 19 billion >>>> Rosmorport obtains approval of Glavgosexpertiza for dredging under project on construction of LNG terminal in Kamchatka >>>> Construction of LNG transshipment facility in Kamchatka put under special control of RF Government>>>>