SERVICES

Novatek to build LNG terminal in Germany

Rostock - Rostock LNG , a joint venture between Russian gas producer Novatek and Belgium’s gas transmission operator Fluxys , 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

Rostock - Rostock LNG , a joint venture between Russian gas producer Novatek and Belgium’s gas transmission operator Fluxys , 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 such as 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.

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