Russia’s largest independent natural gas producer Novatek has signed a Memorandum of Understanding for the creation of a centre for the construction of large-scale offshore structures in Murmansk.
The memorandum was signed by the firm,as well as the Ministry of industry and trade and the Murmansk government.
It sets out plans to sign a special investment project to create the centre in Belokamenka, located in the Murmansk region.
Novatek’s management board chairman Leonid Mikhelson said: “To efficiently develop our vast resource base in the Far North, decrease construction cost and increase the competitiveness of our future LNG-project, it is very important to create a center to construct large-scale offshore structures in Russia.
“With the construction of the Kola Yard we plan to meet the challenge of maximizing the localization of production of LNG-plants based on the gravity-based structures, readymade for producing LNG”.
The document was signed at the 21st Saint Petersburg International Forum.