An Arctic solution

An Arctic solution Novatek’s plans to build two LNG trans-shipment terminals in Russia have taken a step closer to becoming realized. Two giant FSRU’s are on order with Daewoo’s Geoje shipyard in South Korea for delivery by end-2022, although they may not be operational until 2023/24. Each one is expected to have a storage capacity of 360,000cm, and be capable of receiving shipments from Novatek’s expensively assembled Arc7 Arctic-class fleet and transferring it to more conventional vessels for onward delivery. The two FSRU’s are expected to be located, in Kamchatka’s regional capital, Petropavlovsk-Kamchatsky, to serve Japan, China and other countries in Asia, and in Murmansk, to serve t

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