BULK LIQUID STORAGE TERMINAL FOR ARCTIC EXPORTERS

NORTERMINAL is established to build and operate a state-of-the-art oil and gas terminal in the North of Norway for arctic petroleum exports. We are currently carrying out a feasibility study with the aim of constructing the first terminal in Northern Norway with an initial oil storage capacity of 700.000 cbm and an annual capacity of 20.000.000 tons.

ADVANTAGES

Strategy

Our Strategy will be to provide the infrastructure required for the growth in the region through a safe, effective and environmentally friendly storage solution.

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Logistics

Russian oil tanker industry will benefit from increased volumes, reduced congestion, waiting time and demurrage cost at load port; it will reduce the need for Ship to Ship transfers.

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Environmental

All private, public and governmental concerns relating to the project will be addressed by Norterminal in the feasibility study and later in the planning and permitting part of the project.

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News

Norterminal plans to break ground on the NOK1.5-2 billion (€205-273 million) terminal in 2014 depending on municipal proceedings and development plans.

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