Novatek to Triple Vysotsk LNG Capacity

Novatek is considering the possibility of increasing the total capacity of Cryogas-Vysotsk project from its initial 660 thousand tons of LNG per year up to 1.7 million tons. Novatek’s finance chief Mark Gyetvay mentioned the project expansion at the Flame conference in Amsterdam.

Cryogas-Vysotsk project was launched in April and includes medium-scale liquefied natural gas export plant, 42,000 m3 LNG storage tank and an offloading berth for LNG carriers. During the first month of the operation, Novatek exported about 71,000 tons of LNG. It makes up 32 shipments: 16 by trucks and 16 by vessels.

The project mainly targets at bunker fuel markets in the Baltic region and allows Novatek to respond to IMO’s stricter rules on bunker fuels. The Vysotsk expansion project will be connected with Rostock Transshipment LNG Terminal project that Novatek develops together with Fluxys. Rostock project is currently in the design phase and its launch is expected in early 2020s.

It is not the only Novatek’s LNG fuelling project in Russia: now the company is building LNG fuelling stations in Chelyabinsk region and is working together with mining companies “to convert diesel trucks to go on natural gas”, Gyetvay says.

Novatek and Fluxys and other industry leaders are among the steady participants of the International LNG Congress organized by BGS Group. Join the representatives of the whole LNG value chain at the 6th International LNG Congress in Brussels, Belgium on 2-3d of March to find out more about current projects.

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