A new tank far is to be built on the territory of the condensed gas terminal in the port of Ust-Luga in the Russian Baltic.

The Main Department of State Expertize has approved the project documentation and engineering studies for the first stage of the project.

The project envisages building four steel tanks with a capacity of 40,000 cubic meters to store condensed gas as well as light and heavy naphtha made from it.

Other infrastructure to be developed includes a cable overpass, a pumping station for condensed gas and products, drainage tanks and other engineering structures and communications.

Additional roads connected to the road accesses to the port will be built, and the existing engineering network is to be modernized.

According to SeaNews PORTSTAT analytical online service, during January-May 2021 the terminal operated by Novatek Ust-Luga handled 2.87 mn tons, down 1.1% year-on-year.