Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
ST.PETERSBURG, June 16. /TASS/. Total investment in the projects of Baltic LNG, Sakhalin-2 and the development of the Yuzhno-Kirinskoye deposit amount to about $13 billion, Russia’s Energy Minister Alexander Novak told the St. Petersburg International Economic Forum.
"Shell will use technologies, which include those used in Sakhalin-2. This project is considered as part of collaboration between Gazprom and Shell Company, in particular on construction of the third stage of the Sakhalin-2 LNG plant and the development of the Yuzhno-Kirinskoye field. Total investment in these projects exceed $13 bln. Shell is interested in the joint project. (for the development of the Yuzhno-Kirinskoye field - TASS)," the minister said.
The Baltic LNG project is discussed in the context of the global partnership between Gazprom and Shell, which includes the Nord Stream-2 pipeline, the expansion of the LNG plant on the Sakhalin island and the exchange of assets. As a result of these operations the Russian monopoly expects to strengthen positions on the LNG market in the Asia-Pacific region.
Baltic LNG implies the construction of an LNG plant an area of the sea port of Ust-Luga, Russia’s Leningrad region.
The capacity of the plant will be 10 million tonnes of LNG per year and may be increase to 15 million tonnes. Commissioning of the plant is scheduled for December 2021.