The Russian government has tasked Gazprom with arranging LNG supplies from the Sakhalin-2 project in the first quarter of 2024 to support Kamchatka gasification. The plan emphasizes securing LNG deliveries to facilitate regional energy expansion and reliability. Attribution: TASS.
Officials outline a staged approach that extends into the next year, with a focus on establishing a wholesale price for regasified LNG for consumers by the third quarter of 2025. The involved agencies include the Ministry of Energy, the Ministry of Economic Development, the Federal Antimonopoly Service, Gazprom, and local regional authorities. A financing mechanism is also anticipated in the fourth quarter to bridge the gap between the economically justified gas price and the newly regulated wholesale price, ensuring continuity of supply while market prices adjust. Attribution: TASS.
The government has given Novatek a clear mandate for 2023 to develop and submit to Rosmorrechflot a formal investment statement for the Kamchatka LNG regasification complex. This includes conducting preliminary engineering research and outlining a project for coastal infrastructure that will support the regasification process and related logistical networks. The aim is to build a solid plan that can move forward through subsequent regulatory approvals and funding discussions. Attribution: TASS.
Plans foresee that within the 2025 timeframe, Novatek will invest in and complete the offshore portions of the LNG reception complex in key locations such as Rakovaya Bay and Avacha Bay. The project envisions transferring operational responsibility for these offshore assets to Gazprom within the same period, ensuring governance alignment and streamlined asset management as regional gasification progresses. Attribution: TASS.
Earlier communications indicated that the government approved a roadmap for gasification of Kamchatka by 2025, setting a clear timeline for infrastructural upgrades, investment, and regulatory milestones across the industry. Attribution: TASS.
These developments reflect a broader strategic push to diversify the energy mix and strengthen regional energy security, with a focus on integrating LNG as a flexible, transportable source of natural gas. The plan aligns with ongoing assessments of global LNG demand and regional energy needs, aiming to support economic activity, households, and industrial users in Kamchatka. Attribution: TASS.