EMEA News
Gazprom Plans "Fundamentally New" LNG Project
Aleksey Miller, CEO of Russian gas company Gazprom, says the company is planning a "fundamentally new" liquefied natural gas (LNG) project, Russian news site RT reports.
Sources said Miller may be referring to an LNG plant in the Baltic area, either in the Baltic Sea or the Barents Sea.
Gazprom had put forward a plan to build a 7 million tonne-capacity LNG plant in the region in 2004, but the project did not move forward.
The company already supplies Europe with gas via the Nord Stream gas pipeline between Russia and Germany, but a new plant could boost its sales.
Gazprom is also building a liquefaction plant in Vladivostok, in Russia's Far East, to supply the Asia-Pacific region.
The company has expressed interest in controlling the supply of LNG in the Baltic region and has predicted that the use of LNG bunkers in the Baltic and North Seas could rise to 8 to 10 billion cubic meters per year by 2030.
