Baltic LNG Terminal
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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.
Project Details
Project Details, Train 1
- Owner: RusKhimAlyans[1]
- Parent: Gazprom (50.00%), RusGazDobycha (50.00%)[2]
- Location: Ust-Luga Port, Kingiseppsky District, St. Petersburg Oblast, Russia
- Coordinates: 59.72087, 28.43132 (exact)
- Type: Export[2]
- Capacity: 6.5 mtpa[2]
- Status: Proposed, pre-FID[2]
- Start Year: 2023[2]
- Financing: US$741 million loan from VEB[1]
Project Details, Train 2
- Owner: RusKhimAlyans[1]
- Parent: Gazprom (50.00%), RusGazDobycha (50.00%)[2]
- Location: Ust-Luga Port, Kingiseppsky District, St. Petersburg Oblast, Russia
- Coordinates: 59.72087, 28.43132 (exact)
- Type: Export[2]
- Capacity: 6.5 mtpa[2]
- Status: Proposed, pre-FID[2]
- Start Year: 2024[2]
- Financing: US$741 million loan from VEB[1]
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Baltic LNG Terminal is a proposed liquefied natural gas (LNG) liquefaction terminal in St. Petersburg Oblast, Russia.[3][4] In June 2017, Gazprom and Shell set up a joint venture to pursue the project.[5] The project would go online in 2022-23.[6]
In December 2018 Gazprom and Itochu signed a memorandum of understanding (MOU) to jointly pursue the project.[7] In April 2019 Shell announced that it was withdrawing from the project.[8] 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.[1]
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.[1] The overall project costs are said to be at least US$12 billion.[9]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Russian bank VEB to provide $741 mln loan for Gazprom's new LNG project, Reuters, Aug. 24, 2020
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 BloombergNEF LNG Export and Import Projects--Q4 2020, BloombergNEF, January 21, 2021
- ↑ Baltic LNG Terminal, Wikipedia, accessed April 2017.
- ↑ Baltic LNG, Gazprom website, accessed July 2017.
- ↑ Gazprom, Shell ink Baltic LNG deals, LNG World News, 5 June 2017.
- ↑ Report: Gazprom delays Baltic LNG start, LNG World News, 10 Mar. 2017.
- ↑ Gazprom and Itochu sign Memorandum of Understanding on Baltic LNG project, World Oil, Dec. 14, 2018
- ↑ Shell exits Gazprom-led LNG project in Russia, Reuters, Apr. 10, 2019
- ↑ Gazprom receives a US$739m loan from VEB for its Baltic LNG project (Russia), Enerdata, Aug. 25, 2020