print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all GAZPROM press releases

GAZPROM

June 26, 2013

Gazprom to launch two LNG plants in 2018 in Primorye Territory and Leningrad Region

Alexey Miller, Chairman of the Gazprom Management Committee held today at the Company's headquarters a meeting dedicated to the Company's promising liquefied natural gas (LNG) projects, namely LNG plants in the Primorye Territory and Leningrad Region.

It was noted that the Vladivostok-LNG project with a minimum annual capacity of 15 million tons was progressing on schedule, with the first train to be commissioned in 2018.

A special-purpose company  Gazprom LNG Vladivostok  is being set up now for the purposes of the project. VNIPIgazdobycha was chosen as the general designer of the LNG plant. Work is underway on design specifications.

Gazprom compiled a list of potential strategic partners, whose overall stake in the project might amount to 49 per cent, provided they purchased at least 6 million tons of LNG to be produced within the project. In addition, working meetings were held with several companies capable of building the LNG plant under an EPC contract, with emphasis placed on their interest in the project.

Work is in progress on the preparation of a resource base for the Vladivostok-LNG project. This year will see the commissioning of the Kirinskoye field offshore Sakhalin. In 2013 and 2014 four exploratory wells will be constructed at the Yuzhno-Kirinskoye field for preparing it for commercial development. It is planned to perform large-scale 3D seismic surveys and build several prospecting wells at the Ayashsky and Vostochno-Odoptinsky blocks within the Sakhalin III project.

Pro-active efforts are being made to market the gas of the Vladivostok-LNG project and talks are underway with potential customers in Asia-Pacific.

Gazprom started implementing another LNG plant project. To be constructed in the Leningrad Region, the plant will have an annual capacity of up to 10 million tons of LNG. Preliminary feasibility studies underpinning the economic viability of the project are already over and a basic technical concept is developed. At the moment, two construction sites for the LNG plant are under review. The first train is planned to be operational in 2018.

The meeting resulted in assigning tasks related to developing an Investment Rationale to be completed in the first half of 2014, performing a feasibility study of the construction options and devising a comprehensive Action Plan for the project.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer