Lets run some super high level numbers. 20mtpa most likely means 4 really big tanks at minimum, 3 jetties at the least (remember that all the LNG will be unloaded and loaded again so its two passes per cargo which means that 3 jetties will be very tight), and all the stuff to manage this. How will the boil off be dealt with? In any case, this is going to cost billions. Coming on top of the LNG price. If this is cheaper than the ice breaker tankers they have, I don’t want to ask for the price tag on those. Why would this be a price marker? This would be the most exotic LNG in the Pacific and outliers never make for good price markers. China is a much better place for this – don’t hold your breath. Markets are not coming into existence by decree.
Russia’s Far East LNG hub may become price benchmark for Asia-Pacific The largest liquefied natural gas (LNG) producer in Russia, Novatek, plans to build an LNG terminal on the Kamchatka Peninsula to boost supply to the fast-growing Asian markets.