Yamal LNG, Fluxys sign transshipment agreement

Yamal LNG, Fluxys LNG sign transshipment agreement

Yamal Trade, a unit of Yamal LNG and Fluxys LNG signed a 20-year contract for transshipment of up to 8 million tons of LNG per year at the port of Zeebrugge, Belgium, to support year-round LNG deliveries from the Yamal Peninsula to Asian-Pacific markets.

Evgeniy Kot, General Director Yamal LNG said, “As the Yamal LNG project is progressing well, following the schedule, signature of this agreement marks another important step in the life of the project. A transshipment platform in Northwest Europe is a key element to our transportation and logistics arrangement.”

Pascal De Buck, CEO Fluxys Belgium said the Belgian federal regulator CREG has been very cooperative in the design of an appropriate regulatory framework for the new transshipment services Fluxys Belgium will offer.

“Thanks to a long-term agreement with such an ambitious LNG supplier we will embark on a new considerable investment for the terminal development. With a transshipment capacity at the terminal of 8 million tons of LNG per annum, the port of Zeebrugge will see a significant increase in ship movements,” said De Buck.

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 and the transshipment services added to its offering the terminal will require the construction of a 5th storage tank and additional process facilities.

Image: Port of Zeebrugge

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