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Novatek orders the world’s largest floating LNG storage unit for transshipment of Arctic gas

The barges are planned to be positioned off Murmansk and Kamchatka, where gas from Yamal fields can be reloaded for shipment on to markets.

By Malte Humpert, High North News June 10, 2020
2410

Novatek, Russia’s largest private natural gas company, took another step toward optimizing its transport logistics along the Northern Sea Route, signing a deal with South Korea’s Daewoo Shipbuilding and Marine Engineering for the construction of two massive LNG storage barges totaling $748 million.

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