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Gazprom may create separate vehicle for LNG projects

December 11, 2017, 15:03 UTC+3 ROSTOV-ON-DON

The Baltic LNG project involves construction of the LNG plant with a capacity of 10 million tonnes per year

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ROSTOV-ON-DON, December 11. /TASS/. The Gazprom’s Board of Directors will discuss a project of setting up a separate company specializing in construction of liquefied natural gas (LNG) plants at its meeting, Board Chairman Viktor Zubkov told reporters on Monday.

"Plans to create a new company are in place. We set up Gazprom Natural Gas Vehicle Fuel Company [specializing in NGV refueling stations - TASS] and plans exist to create LNG Technologies company, which will deal with construction of small LNG plants," Zubkov said responding to a question concerning investment projects to be reviewed at the Board meeting on December 19.

LNG plants could supply fuel for motor vehicles, railway transport, marine and riverine ships, the top manager said.

LNG projects in Sakhalin and construction of the LNG Plant in the Leningrad Region will be discussed, Zubkov added.

The Baltic LNG project involves the construction of the LNG plant with a capacity of 10 million tonnes per year in the port of Ust-Luga in the Leningrad Region. The Russian gas holding plans to use project financing for plant construction.

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