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Russia's Gazprom may build LNG plant on the Black Sea

November 23, 2015, 20:52 UTC+3 MOSCOW
The company is also considering a possibility of building a floating LNG plant
1 pages in this article
An LNG plant in Russia

An LNG plant in Russia

© ITAR-TASS/Alexande Semyonov

MOSCOW, November 23. /TASS/. Russian gas giant Gazprom is studying economic viability of the construction of an LNG plant on the Black Sea, the company said on Monday.

The company has announced a tender for grounding investments in the construction of the plant.

As a basic scenario a possibility of building a plant with the annual capacity of 500,000 tonnes with further expansion to 1 mln tonnes is considered. At the same time, Gazprom is considering a possibility of building a floating LNG plant.

As previously reported by TASS, Gazprom plans to build LNG plants in particular with a long-term goal - for bunkering.

Russia plans to triple sales of liquefied natural gas on world market

Russian President Vladimir Putin on Monday announced Russia’s plans to triple sales of liquefied natural gas on the global market and enhance cooperation in the supply of gas to the countries of Asia.

"We plan to increase our supplies in the Asian direction from 6% to 30% to 128 billion cubic meters," - he said at the Forum of Gas Exporting Countries.

Putin stressed that Russia "increases the supply of liquefied natural gas to 60 million tons, which means from current 4% to 13% on the world market."

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