Baltic LNG Terminal

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Baltic LNG Terminal is a proposed LNG export terminal in St. Petersburg Oblast, Russia.

Location

The map below shows the location of the project, in Ust-Luga Port, Kingiseppsky District, St. Petersburg Oblast.

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Background

Baltic LNG Terminal is a proposed liquefied natural gas (LNG) liquefaction terminal in St. Petersburg Oblast, Russia. In June 2017, Gazprom and Shell set up a joint venture to pursue the project. The project would go online in 2022-23.

In December 2018 Gazprom and Itochu signed a memorandum of understanding (MOU) to jointly pursue the project. In April 2019 Shell announced that it was withdrawing from the project. Shell's departure was due to Gazprom integrating the Baltic LNG project and gas processing plants and its setting up of the special purpose vehicle RusKhimAlyans, a 50-50 joint venture with its Russian partner RusGazDobycha, which is said to have links to an ally of Russian President Vladimir Putin.

Financing

In August 2020, the Russian state-owned development bank VEB said it was providing Gazprom with a US$741 million loan for the project. The overall project costs are said to be at least US$12 billion.

Project Details

• Owner: RusKhimAlyans
• Parent: Gazprom (50%), RusGazDobycha (50%)
• Location: Ust-Luga Port, Kingiseppsky District, St. Petersburg Oblast, Russia
• Coordinates: 59.72087, 28.43132 (exact)
• Capacity: 10 mtpa, 1.43 bcfd
• Status: Proposed
• Type: Export
• Start Year: 2025
• Financing: US$741 million loan from VEB

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day