Russia’s Gazprom announced plans to build a new LNG plant on the Baltic Sea on Thursday (22 January).
The project, called Baltic LNG, will be built at Ust-Luga, in the Leningrad region, near the Gulf of Finland. It will be capable of producing 10 MPTA of LNG, with the possibility of expanding to 15 MTPA. Gas will be sourced from the Unified Gas Supply System (UGSS) of Russia, Gazprom said.
Gazprom expects the plant to be commissioned in late 2018. On its website, Gazprom says that Baltic LNG will target European and Latin American markets in addition to re-fueling vessels.
“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, Gazprom’s chairman of the management committee.
In 2013, Miller and Governor of the Leningrad region, Alexander Drozdenko, signed an MOU at the St. Petersburg International Economic Forum to establish the Baltic LNG project within the region.
Image: Ust-Luga/Gazprom
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