Gazprom’s LNG portfolio on the rise

Gazprom's LNG portfolio doubles in 2015

Russian gas giant Gazprom said its LNG portfolio more than doubled over the past years, reaching 3.56 million tons in 2015. 

Gazprom said in a statement on Thursday that its production and LNG procurement is “highly relevant” as the company is boosting competitiveness and diversifying its export routes.

The expansion of currently the only Russian LNG plant, built within the Sakhalin II project, which currently has an annual production capacity of 9.6 million tons has been given a “high priority”, Gazprom said in the statement.

Earlier in May, Gazprom noted the FEED process for adding the third liquefaction train to the Sakhalin II project is ongoing. Once completed, the third train will up the plant’s production capacity up close to 14.5 mtpa of LNG.

Additionally, Gazprom has said the proposed 10 mtpa Baltic LNG project is also “another priority project”.  The plant will be built near the seaport of Ust-Luga. Currently, the work is underway to prepare the Baltic LNG project for the investment stage, according to Gazprom’s website.

The statement also reveals that Gazprom is aiming to put more focus in the future on small-scale LNG developments.

Targeting competitiveness in the long term, Gazprom is looking to enhance the flexibility in its export policy and diversify export routes as well as sales markets, the company added.

 

LNG World News Staff

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Posted on May 20, 2016 with tags .

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