Novatek, Fluxys to Build German LNG Terminal

Shailaja A. Lakshmi
Wednesday, October 17, 2018

Russian gas producer Novatek and Belgium's Fluxys joint venture Rostock LNG GmbH has signed a Land Lease Agreement with the Port of Rostock with a view to building and operating a mid-scale liquefied natural gas (LNG) storage terminal in the port.

The envisaged facility is to unlock LNG as a low emission alternative for heavy fuel oil, diesel and LPG in North and Central Europe and the Baltic Sea area.

The joint venture (Novatek 49% - Fluxys 51%) intends to build and operate a terminal for receiving and unloading mid-scale LNG carriers, keeping LNG in storage and providing services to enable downstream distribution of LNG: Truck loading (and possibly rail carriages) to supply LNG to industry or LNG-fueling stations for trucks and reloading to supply LNG amongst other as bunker fuel for ships operating in the Baltic Sea.

The mid-scale LNG storage terminal in the port of Rostock is to receive LNG carriers from the liquefaction facility which Novatek is currently building in the port of Vysotsk near Saint-Petersburg. Following the signature of the Land Lease agreement, Rostock LNG GmbH is to proceed with the engineering and permitting processes.

Pascal De Buck, Managing Director of Fluxys, stated: “Fluxys as gas infrastructure partner is pleased to team up with Novatek in this venture to facilitate the market for liquefied natural gas as low emission fuel in North and Central Europe and in the Baltic Sea area. Gas and gas infrastructure are key to develop a sustainable, reliable and affordable energy system and the Rostock project will allow industry, ship owners and haulage companies to significantly cut emissions impacting health and air quality as well as reducing their carbon footprint.”

Categories: LNG Ports People & Company News

Related Stories

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

China Rolls Out 17MW Floating Wind Turbine Prototype

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com