GAZPROM INTENDS TO BUILD A GAS CHEMICAL FACILITY US$20BN WORTH NEAR SAINT PETERSBURG
Now the project is under development
A big gas processing enterprise combined with gas chemical facility will appear near Saint Petersburg, in Ust-Luga. Project cost is estimated at about 20bn USD.
Gazprom will build the enterprise, while Rusgazdobycha will act as a project partner. The project is under development now. If it gains traction, it will turn into the second biggest Gazprom’s investment projects in terms of costs incurred following only the Power of Siberia.
It should be mentioned that the production facility will have the capacity high enough to process up to 45 bcma of gas annually. Methane recovered from gas treatment will be delivered to Baltic LNG for further liquefaction.
The date of project start is not revealed yet.