Russia to allocate funds for an LNG terminal
3/28/2019
Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website.
The budget money will also be used to reconstruct a navigable channel in the Gulf of Ob in the Kara Sea.
The Utrennee gas field is developed by Russian gas giant Novatek and serves as a resource base for the Arctic LNG-2 project. (Reporting by Andrey Kuzmin Writing by Polina Nikolskaya Editing by Andrey Kuzmin and Emelia Sithole-Matarise)
Sign up to Receive Our Newsletter
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- ADNOC takes FID, awards $5 B in contracts for Phase 1 of its Rich Gas Development project
- U.S. ethane vessels stall amid curbs on exports to China
- TotalEnergies CEO expects to restart Mozambique LNG project this summer
Comments