OAO Gazprom has determined that its 10-million-ton Baltic LNG plant will be built near the seaport of Ust-Luga, Leningrad Oblast, Russia. The project is now preparing for the investment stage.
The plant, expandable to 15 million tons, will be supplied with gas from the Unified Gas Supply System (UGSS) of Russia, which also may be expanded.
“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, chairman of Gazprom’s management committee.
Lithuania, Latvia, and Estonia have recently either opened or advanced plans to build Baltic LNG terminals, which will provide an alternative to imports from Russia (OGJ, Aug. 11, 2014, p. 26).