Russian gas giant Gazprom and Japan’s Mitsui and Co. signed a memorandum of understanding on the planned Baltic liquefied natural gas (LNG) export project.
The LNG export project to be located at the Russian port of Ust-Luga is led by Gazprom and its partner Shell. It is expected to have a capacity of 10 million tonnes per annum of LNG with the first production scheduled for 2023.
Gazprom and Mitsui are also partners in the Sakhalin II project, which includes Russia’s first LNG plant.
The Sakhalin II operator, Sakhalin Energy, is owned by Gazprom (50 percent plus one share), Shell (27.5 percent minus one share), Mitsui (12.5 percent) and Mitsubishi (10 percent). |
