Novatek's Murmansk LNG Project to Initially Have Two Lines Per Year

Monday, July 29, 2024

Russian natural gas giant Novatek's Murmansk LNG project is expected to have two lines of 6.8 million tonnes per year each, draft project documentation seen by Reuters showed on Monday.

Construction of the Murmansk LNG project in Russia's Arctic is scheduled for 2027-2030, the documentation showed.

According to the draft project, the annual loading volume is projected to be 3.4 million tonnes in 2028, rising to 6.8 million tonnes in 2029. From 2030 onwards, the project anticipates a sustained loading rate of 13.6 million tonnes per year.

Novatek is Russia's largest LNG producer.

The Murmansk LNG liquefied natural gas export terminal is due to be built on the shore of the Kola Bay near Murmansk and the village of Belokamenka, home to Novatek's large-tonnage offshore structure construction plant.

The draft documentation also indicated that the Murmansk LNG project has the potential to expand with a third line between 2030 and 2033, increasing its overall capacity to 20.4 million tonnes per year.


(Reuters - Reporting and writing by Oksana Kobzeva; editing by Andrew Osborn)

Categories: LNG Cargo

Related Stories

U.S. Container Imports Hit Record High as China Trade Surges, Port Delays Mount

AD Ports Group Q3 Profit Surges 64% Despite Gulf Shipping Disruptions

World Bank: 2026 Global Commodity Prices to Rise 23%

Current News

OPEC+ Oil Production Rises in October, Nearing Pre-Iran War Rates

Paris Wheat Futures Rise With No Black Sea Deal in Sight

COSCO SHIPPING Development Orders 16 VLCCs

Asia Turns to African, Brazilian Oil as Shipping Costs Decrease

Subscribe for Maritime Logistics Professional E‑News