Russia and China to finance gas project in Russia's Far East
9/17/2019
Russia’s state development bank VEB said it had agreed financing of a natural gas project in Nakhodka town in Russia’s Far East with China’s state development bank.
The plant would produce methanol and nitrogen fertilisers, using gas from fields in Sakhalin island, VEB said.
The Chinese bank was expected to invest in building the plant, which would start this year, VEB said in a statement.
Reporting by Polina Ivanova; Writing by Maria Tsvetkova; Editing by Edmund Blair
Sign up to Receive Our Newsletter
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- Update: How Germany is building up LNG import terminals
- IEEFA: Europe’s LNG imports decline 19% with gas demand at 11-yr low
- TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
Comments