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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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The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.

The New LNG Imperative

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The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.

November 29, 2017 10am CST

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