A joint venture between Novatek and Fluxys has signed a land lease agreement with the Rostock Port for construction of a mid-scale LNG trans-shipment terminal located in the port of Rostock in Germany.
The joint venture will design, construct, finance, own, and operate the terminal, which has a capacity of approximately 272,000 tonnes per annum in the port of Rostock.
The terminal will receive LNG carriers from the Cryogas-Vysotsk liquefaction facility that Novatek is currently constructing in the port of Vysotsk located near the St. Petersburg area and further LNG deliveries to the consumer market will be made via trucks.
The terminal will also have an option of bunkering and loading of bunkering vessels.
