A 20-year deal was signed between Yamal LNG and Fluxys LNG for the transhipment of up to eight million tonnes of LNG per year at the port of Zeebrugge, Belgium.
The deal is to support year–round LNG delivery from the Yamal Peninsula to Asian-Pacific markets. During Arctic summer, Yamal LNG will be delivering its LNG to Asian-Pacific markets via the Northern Sea Route using ice class ARC7 LNG tankers. In winter, the Arctic LNG tankers will transit via the Zeebrugge LNG terminal where Fluxys LNG will provide services to tranship LNG onto conventional vessels used to make final delivery to Asian-Pacific markets via the Suez Canal.
This 20-year contract reinforces the Belgian gas system as a crossroads for international flows and the position of Zeebrugge as an all-round LNG hub in Northwest Europe. With transhipment services added to its offering the terminal will provide a complete range of services for large LNG volumes as well as for small-scale use for vessel bunkering and trailer loading. The transhipment services require the construction of a fifth storage tank and additional process facilities.
Fluxys Belgium is the independent operator of both the natural gas transmission grid and storage infrastructure in Belgium. The company also operates the Zeebrugge LNG terminal.
Yamal LNG envisages the construction of an LNG plant with annual capacity of 16.5 million tonnes per annum based on the feedstock resources of the South-Tambeyskoye field. According to the PRMS reserve standards, the proven and probable reserves of the South-Tambeyskoye field were appraised at 907bcm of natural gas. The project requires the construction of transport infrastructure including a sea-port facility and an international airport located at Sabetta (north-east of the Yamal Peninsula). The project is developed by JSC Yamal LNG. Novatek owns 60% stake in the company while Total S.A. and CNPC own 20% each.