EU Commission approves Russian LNG services JV

Russia’s LNG export plant in Sakhalin (Image courtesy of Gazprom)

The European Commission on Tuesday cleared the formation of a joint venture that will provide engineering and design services for liquefied natural gas (LNG) projects in Russia.

The joint venture partners are Russia’s NIPIgaspererabotka, controlled by SIBUR group, UK-based TechnipFMC and Germany’s Linde.

The company will be active in the provision of front-end engineering and design, project documentation and capital expenditures estimates, as well as engineering and services for procurement, construction, installation and commissioning of LNG plants on concrete gravity-based structures.

The Commission said it concluded that the proposed transaction would raise no competition concerns as the joint venture will only operate in Russia.

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