Russia to finance Gazprom's Ust-Luga project
Russia will use the National Wealth Fund to finance Gazprom's new chemical and liquefied natural gas project in the Baltic port of Ust-Luga, Deputy Finance Minister Andrei Ivanov said.
Gazprom said the project would require equipment purchases of at least 900 billion roubles ($13.87 billion).
Gazprom had initially planned to build only an LNG plant in the area with Royal Dutch Shell. It changed its mind earlier this year and redesigned the project to add a chemical plant, prompting Shell to leave the project. ($1 = 64.8674 roubles) (Reporting by Dmitry Zhdannikov Editing by Maria Kiselyova and Jon Boyle)
On the changing landscape of global natural gas trade, the US has magnified its export power by remaining a net exporter for 13 months as of February 2019.
EWAnalysis: US LNG producers eye major growth
- Energy Web Atlas
The US LNG market has experienced rapid growth over the past decade due to the availability of inexpensive feedstock and increased worldwide demand.
Regional Focus: Nigeria moves to expand its liquefaction capacity
The award in July 2018 of long-awaited contracts for the front-end engineering design (FEED) of Nigeria’s Train 7 gas plant expansion project to two consortia is the country’s latest attempt to address the enormous challenges of gas flaring and gas shortages for power plants and domestic consumption.
Reliable Operations & Saving OPEX for Gas Plant Refrigeration – Selecting the right technologies
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June 18, 2019 10:00 AM CDT