OREANDA-NEWS  The federal budget will allocate 12 billion rubles for the construction of coastal infrastructure facilities for receiving LNG in Kamchatka.

Prime Minister Mikhail Mishustin signed the corresponding decree No. 1968 on November 23. The document is posted on the government's website. It complements the state program "Energy Development" and approves the rules for granting subsidies to the budget of the Kamchatka Territory in 2023-2025 in order to co-finance the construction of LNG regasification facilities in the Rakovaya Bay of the Avacha Bay. Earlier it was reported that the state financing of the construction provides for the allocation of 4 billion rubles annually from 2023 to 2025.

"The result of using the subsidy is the commissioning of facilities until December 31, 2025," the document says.

In addition, a floating terminal for receiving LNG will be created at the expense of extra-budgetary sources and marine gas carriers will be built, the government's press service said. The costs of this part are estimated at 30-40 billion rubles.

NOVATEK undertook to finance the construction of shuttle gas carriers and a regasification terminal that will deliver gas to Petropavlovsk-Kamchatsky from a large-capacity LNG transshipment hub being built by the company for its needs (LNG from the Arctic will be reloaded from Arctic gas carriers to conventional ones).

The facilities of the offshore part of the LNG reception complex will be built by NOVATEK, and then transferred to Gazprom for operation. The rights of use and ownership can be transferred under a lease agreement, a purchase and sale agreement. The source of financing may also be a discount for NOVATEK on gas transportation services via main gas pipelines in the area of the Unified Gas Supply System for a certain period.

Liquefied natural gas is supposed to be supplied to Kamchatka as part of the Sakhalin-2 project. The government instructed Gazprom to conclude an agreement on the supply of LNG from Sakhalin-2 for the Kamchatka Territory in the first quarter of 2024.