Rostock Will Have An LNG Terminal

Port of Rostock announced the signing of a lease agreement with a Belgian-Russian joint venture, for a mid-scale LNG terminal. This milestone brings the LNG project in Rostock one step closer to the anticipated start in the next decade.

The joint venture (Fluxys 51% – Novatek 49%) intends to build and operate a terminal for receiving and unloading mid-scale LNG carriers, keeping LNG in storage and providing services to enable downstream distribution of LNG (bunkering).