Led by Alexey Miller, Chairman of the Company's Management Committee, a meeting dedicated to the Baltic LNG project execution was held at the Gazprom headquarters. Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads and employees of the Company's specialized structural units as well as representatives of Gazprom Export, Gazprom LNG St. Petersburg and Giprospetsgaz.
The meeting resolved that the LNG plant in the Leningrad Region (Baltic LNG) should be built near the seaport of Ust-Luga. The plant capacity will amount to 10 million tons of LNG a year with the possibility of expansion to 15 million tons. The plant will be supplied with gas from the Unified Gas Supply System (UGSS) of Russia.
he meeting participants also considered the issue of expanding the UGSS to deliver gas to the LNG plant and to consumers in the Leningrad Region.
“Our Company holds a leading position in the global energy business. The Baltic LNG project will provide Gazprom with additional competitive advantages, enhance its presence in the dynamic LNG market and open up new supply regions for the Company,” said Alexey Miller.
At the end of the meeting, tasks were given to prepare the Baltic LNG project for the investment stage.
About Gazprom
Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.
Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.
Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.
Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.
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