Vladivostok LNG Terminal

From Global Energy Monitor
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Vladivostok LNG Terminal (Russian: Владивосток СПГ) was a proposed LNG terminal in Primorye, Russia. The project has been revised into an LNG/LPG debunkering/transshipment terminal.[1]

Location

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Project details

  • Operator: Gazprom[2]
  • Owner: Gazprom[2]
  • Parent company: Gazprom[2]
  • Location: Vladivostok, Khasan, Primorye, Russia[3]
  • Coordinates: 43.133333, 131.9 (approximate)[3]
  • Capacity: 1 mtpa[1]
  • Trains: 3[3]
  • Status: Proposed[4][1]
  • Type: Export[3]
  • Start year: 2025[4]
  • Cost: US$ 2 billion[2]

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

Background

Gazprom initially had partners on the project, namely INPEX; Itochu; Japan Petroleum Exploration Co Ltd (Japex); Marubeni Corporation.[5] Later in 2013 Gazprom announced that the company would carry out the project unilaterally.[6] Negotiations appear to be in process with Mitsui and Mitsubishi.[2]

Vladivostok LNG Terminal is a proposed LNG terminal in Primorye, Russia.[7] Construction of the 5 mtpa Train 1 was originally scheduled to be complete in 2018 and the 8.6 mtpa Train 2 in 2020.

Global Risk Insights reported in October of 2017 that the project was delayed until 2020 due to a lack of funding and low fuel prices.[8]

In July 2018 Gazprom reiterated its commitment to developing the Vladivostok LNG project and the Shtokman gas field as two key elements of an expanded export portfolio.[9]

In March 2021, Gazprom reaffirmed to Russian authorities that the capacity of Vladivostok LNG in the country's far east is not expected to exceed 1.5 million tonnes per annum (mtpa) as compared with a previously declared 10 mtpa. The plant will receive feed gas from Gazprom-led developments at the Kirinsky block offshore Sakhalin Island via the existing Sakhalin-Khabarovsk-Vladivostok Gas Pipeline. The project appears to be aiming for high-value LNG spot sales, such as ship bunkering and small-scale LNG deliveries, to target locations with limited or no access to pipeline gas.[4]

As of September 2021, lack of investment capital and low Asian gas prices continued to hinder development of the Vladivostok terminal.[10]

In January 2022, the Main State Expertise of the Russian Federation (Glavgosexpertiza) reviewed and approved the design documentation and the results of engineering surveys for this project. The project's expected capacity has been decreased to 1 mtpa. In January 2022, the project was in the "pre-investment" stage.[1]

This project has been revised in 2017, changing into a proposed LNG debunkering and LPG transshipment terminal.[1]

In June 2023, the government of Primorye and Gazprom LNG Technologies entered into a cooperation agreement, expressing an intention to jointly realize this project.[11]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 "В Приморском крае все-таки будет построен терминал по перевалке СУГ" (in русский). Retrieved 2023-06-30.
  2. 2.0 2.1 2.2 2.3 2.4 PrimaMedia. "Газпром всё-таки будет строить завод СПГ под Владивостоком - PrimaMedia" (in русский). Retrieved 2023-06-30.
  3. 3.0 3.1 3.2 3.3 Vladivostok LNG, Gazprom, accessed April 12, 2021
  4. 4.0 4.1 4.2 Vladimir Afanasiev, Gazprom and Rosneft shed light on Russian LNG export ambitions, Upstream Online, March 25, 2021
  5. INPEX announces signing of Memorandum of Understanding for Vladivostok LNG Project, Euro Petrol, June 24, 2013
  6. ""Газпром" намерен реализовать проект "Владивосток-СПГ" самостоятельно". Ведомости (in русский). Retrieved 2023-06-30.
  7. Vladivostok LNG Terminal , A Barrel Full, accessed April 2017
  8. Sanctions aren't stopping Russia's LNG ambitions Vladivostok LNG Terminal, Maria Shagina,Global Risk Insights, 30 October 2017
  9. Gazprom to revive implementation of Vladivostok LNG and Shtokmanovsky projects, Port News, Jul. 20, 2018
  10. "Russian LNG Aims High, Leveraging Big Reserves and Logistical Advantages". Journal of Petroleum Technology. September 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  11. "Газпром СПГ Технологии построит малотоннажный СПГ-завод в Приморье". Neftegaz (in русский). June 23, 2023. Retrieved Apr 22, 2024.{{cite web}}: CS1 maint: url-status (link)

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External resources

External articles