Russia’s Gazprom and Japan’s Itochu ink Baltic LNG MoU

Baltic LNG plant’s location (Image courtesy of Gazprom)

Russian gas giant Gazprom and Japanese trading house Itochu have signed a memorandum of understanding on the proposed Baltic liquefied natural gas (LNG) export project.

“With this document, the parties confirmed their interest in potential cooperation in the framework of the project,” Gazprom said in a statement on Thursday.

The memorandum was signed during a meeting between Gazprom’s head Alexey Miller and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, in St. Petersburg.

Baltic LNG includes the construction of a 10-mtpa natural gas liquefaction plant near the seaport of Ust-Luga in the Leningrad Region.

The potential target markets for the project include countries in the Atlantic region, Middle East, and South Asia, as well as small-scale LNG markets in the areas of the Baltic and North Seas.

Worth mentioning here, Gazprom signed a framework agreement with its partner Shell on the joint design concept for the Baltic LNG project in October this year.

The pre-FEED document outlines the next stage of the Baltic LNG project in the lead-up to the FEED stage.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >