Russia Builds up Its Export Potential in Baltic Basin
Publication: Eurasia Daily Monitor Volume: 18 Issue: 58
Russian port of Ust-Luga (Source: vostokbunker.com)
Russian natural gas giant Gazprom signed a preliminary agreement with global engineering company Linde to deliver engineering and procurement services for the Ust-Luga gas processing plant on the Baltic Sea. Gazprom CEO Miller signed the agreement on behalf of RusKhimAlyans, a special-purpose company established on a parity basis by Gazprom and RusGazDobycha and chaired by Kiril Seleznev, a Gazprom board member. The agreement is an initial step toward a future engineering, procurement and site services (EPSS) contract between the parties. In Ust-Luga, Gazprom partnered with Rusgozdobycha to build Russia’s largest gas-based industrial complex, which includes a plant that will process 45 billion cubic meters of gas per year and a 13-million-ton-capacity liquefied natural gas (LNG) terminal (Neftgaz.ru, March 26; see EDM, April 7).