Gazprom, Enagas Discuss LNG Supplies to Europe, Latin America

Gazprom’s Chairman Alexey Miller met in Moscow with CEO of Enagas Marcelino Oreja where they discussed cooperation in liquefied natural gas supplies, particularly from the Baltic LNG project to the European and Latin American markets.

The meeting noted that Spain had a potential to become one of the major consumers of LNG from the project, Gazprom said in a statement.

At present, Gazprom supplies LNG to more than ten countries. The company’s goal is to build up its presence in the promising markets, to be achieved, at first place, through increasing its own production.

The company’s Vladivostok-LNG project, which has an annual production capacity of 10 million tons with the potential for further expansion, entered the investment stage in February 2013. The project Investment Rationale will be completed in the first half of 2014. The plant with the capacity of up to 10 million tons a year will start commercial production in 2018.

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LNG World News Staff, December 13, 2013; Image: Gazprom