Gazprom LNG Vladivostok Formed

The Gazprom Management Committee Chairman Alexey Miller held at the Company’s headquarters a meeting dedicated to the Vladivostok-LNG project.

It was noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018.

As of today, a special-purpose company – Gazprom LNG Vladivostok – is set up to implement the project. The design documentation is being developed with a view to be completed in the third quarter of 2014. Gazprom expects to receive an environmental approval next autumn, and a positive feedback from the Russian State Expert Evaluation Department – by the year end. Project investigation works are underway on the Lomonosov Peninsula (Portovaya Bay) – the proposed location of the LNG plant and surrounding infrastructure. In particular, engineering surveys are ongoing with a purpose to design LNG plant facilities and an export terminal. It is expected to carry out a whole set of the detailed investigations, including geotechnical, hydrometeorological, environmental, seismological and seismotectonic research. It is also planned to conduct an area survey to detect any explosive objects or archeological sites. The findings will help to work out the proper location for new facilities.

The meeting participants were particularly focused on an issue of defining future partners for joint implementation of the Vladivostok-LNG project. Several big international companies have already expressed the interest to the project, and their experts viewed some parts of the Investment Rationale between August and November this year. In addition, some potential LNG buyers, including Japanese companies, showed their interest as well.

The meeting resulted in assigning tasks aimed at the timely execution of the Vladivostok-LNG project.

[mappress]
LNG World News Staff, November 20, 2013; Image: Gazprom