Construction of Murmansk LNG Terminal and Reservoir Park Advances
The Murmansk LNG project includes a new terminal and reservoir tanks, with completion expected by late 2027. Challenges from sanctions may impact progress.
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Novatek is constructing a new terminal and at least 15 reservoir tanks as part of the Murmansk LNG project in Kola Bay, covering approximately one square kilometer. The first two production units are scheduled for completion by late 2027, followed by a third before 2030, totaling an annual capacity of 20.4 million tonnes.
The project aligns with existing infrastructure at the LNG Construction Centre in Belokamenka. However, ongoing international sanctions may hinder Novatek's ability to execute the project as planned, particularly following setbacks with the Arctic LNG 2 project. Additionally, a new gas pipeline from Torzhok is included in the development.
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