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Investors from Japan, Middle East show interest in Baltic LNG

MOSCOW (Reuters) — Investors from Japan and Middle East have shown interest in Gazprom’s Baltic LNG project, Gazprom Deputy Chief Executive Officer Alexander Medvedev said in an interview to the Rossiya-24 TV channel on Friday.

Baltic LNG is due to start producing liquefied natural gas in 2022–2023. Gazprom signed a memorandum of understanding on the project with oil major Royal Dutch Shell last year.

The plant is due to produce between 10 MMtpy and 15 MMtpy of LNG.

Reporting by Vladimir Soldatkin; Editing by Maria Kiselyova


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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