A Sale and Purchase Agreement (SPA) has been signed between Total Energies and Novatek for 10% of Arctic Transshipment LLC.
Arctic Transshipment LLC, a wholly owned subsidiary of Novatek, will operate two LNG transhipment terminals being built in the Murmansk and Kamchatka regions of Russia.
Each including a 360,000 m3 floating storage unit (FSU) and two ship-ship-transfer kits (STS), they will assist with the transhipment of LNG on the iced waters of the Arctic Ocean.
With emissions in mind, the FSU and STS will help limit the use of large Arc7 ice class LNG carriers.
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