LNG: Total plans to invest in transhipment sites in Murmansk and Kamchatka


French oil giant Total may become the shareholder of the two liquefied natural gas (LNG) transhipment terminals planned by the Russian Novatek gas company in Kamchatka (Far East) and Murmansk (north-west), reports business newspaper Kommersant. , based on the words of Patrick Pouyanné, CEO of the group.

"We announced that we would invest in [l’usine de GNL] LNG-2 Arctic, but not only, also at terminals in Murmansk and Kamchatka. This is one of the parties to the agreement with Novatek. To develop the Arctic LNG-2, we plan to invest in hubs by as much as 10% ", he actually stated (about the Russian retranslated), remembering that his company also owned 19.4% of the capital stock of Novatek.

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This participation in these two crucial projects for the development of the Northern Sea Route, a project dear to the Russian government, could be about 20 billion rubles (280 million euros), experts say.

Completion of the work should coincide with the start of the Arctic LNG-2 operation, located in the far north of Russia, by the end of 2022. Note that the Japanese Marubeni Corporation and Mitsui O.S.K. The lines, as well as Korean Kogas, have also expressed interest in participating in these projects.

As a reminder, Total already has a 10% stake in the LNG-based Yamal LNG and Arctic LNG-2 LNG plants, focusing on this fast-growing sector and at the heart of Russia's economic strategies.

In this other article, we show how Russian LNG is navigating the Arctic Ocean.

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