Half a Billion Cubic Meters of Gas per Year: Floating LNG Regasification Plant Being Built in Kamchatka

The plant will help with gasification and improvement of the environmental situation in the Kamchatka Territory

The government of the Kamchatka Territory announced the start of construction of a liquefied natural gas (LNG) regasification complex in Rakova Bay on the instructions of Russian President Vladimir Putin. The floating regasification unit, designed by PJSC NOVATEK, and the infrastructure for it on the shore should be commissioned in two years.

The financing of the construction of the land-based part is fully provided by the federal budget with the minimum co-financing from our regional budget provided by law. The construction should be completed by the end of 2026. By the same time, the construction of the floating component will be completed - this is the regasification unit itself and the shuttle vessels that were ordered at the expense of PJSC NOVATEK - our reliable partner. The budgetary situation, the reliability of energy supply and the abandonment of imported fuel oil, which now creates serious difficulties, depend on the implementation of this project in the long term.
Vladimir Solodov, Governor of the Kamchatka Territory

After commissioning, the complex will provide LNG supplies for the energy needs of the Kamchatka Territory in the amount of up to 446 thousand tons (620 million m³ of natural gas) annually.

It will allow replacing the resources of the Kamchatka deposits that are missing for the Gasification Program of the Kamchatka Territory within the framework of the Sakhalin-2 project. In addition, the gasification of boiler houses and thermal power plants will ensure the reliability and environmental friendliness of the thermal power plant in Petropavlovsk-Kamchatsky and the entire energy system of the region as a whole. According to experts, with the transfer of fuel oil and coal-fired boiler houses to gas, emissions of harmful substances into the atmosphere will decrease by 1.5-2 times.

Read materials on the topic:

6.14 Billion Kilowatt-Hours: Russia Breaks Records in Electricity Generation from Biogas, Wind, Sun and Stream Energy

Capacity of 100 Gigawatts: New Power Plant Being Designed in Kamchatka

Bloomberg: Russia Halts Production Equipment Plant for LNG Plants