Baltic LNG project to be executed in Ust-Luga

abarrelfull wrote on 05 Feb 2015 07:15
Tags: c-asia gazprom lng russia

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Led by Alexey Miller, Chairman of the Company's Management Committee, a meeting dedicated to the Baltic LNG project execution was held at the Gazprom headquarters. Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads and employees of the Company's specialized structural units as well as representatives of Gazprom Export, Gazprom LNG St. Petersburg and Giprospetsgaz.

The meeting resolved that the LNG plant in the Leningrad Region (Baltic LNG) should be built near the seaport of Ust-Luga. The plant capacity will amount to 10 million tons of LNG a year with the possibility of expansion to 15 million tons. The plant will be supplied with gas from the Unified Gas Supply System (UGSS) of Russia.

The meeting participants also considered the issue of expanding the UGSS to deliver gas to the LNG plant and to consumers in the Leningrad Region.

“Our Company holds a leading position in the global energy business. The Baltic LNG project will provide Gazprom with additional competitive advantages, enhance its presence in the dynamic LNG market and open up new supply regions for the Company,” said Alexey Miller.

At the end of the meeting, tasks were given to prepare the Baltic LNG project for the investment stage.

Background

On June 21, 2013 within the St. Petersburg International Economic Forum, Alexey Miller, Chairman of the Gazprom Management Committee and Alexander Drozdenko, Governor of the Leningrad Region signed the Memorandum of Understanding and Cooperation as part of the liquefied natural gas (LNG) plant project in the Leningrad Region (Baltic LNG).

• Baltic LNG project to be executed in Ust-Luga

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