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MOSCOW, October 24. /TASS/. Russia’s gas giant Gazprom has identified the site where it will build a future Baltic LNG plant, the company’s deputy CEO, Valery Golubev told the media.
“The selected site is Ust-Luga. It is most convenient from the standpoint of the situation with glaciers and shipping routes,” he said.
The issue on the agenda is building a gas liquefying plant in the Leningrad Region, in Russia’s north-west. The facility will have a capacity of 10 million tons per year. The LNG plants’ potential markets are in Spain, Portugal, Britain, Latin America, India and North America. The work on the Baltic LNG plant has been underway for the past ten years.