19 Mar 2018 09:44

Gazprom, Shell consider feasibility study for Baltic LNG, mull further steps

MOSCOW. March 19 (Interfax) - Gazprom CEO Alexei Miller and Royal Dutch Shell executive committee member Maarten Wetselaar discussed the results of a joint feasibility study for the Baltic LNG project at a meeting on Friday, a source familiar with the situation told Interfax.

"The participants in the meeting considered the status of the Baltic LNG project and further steps to prepare an agreement on a joint venture," Gazprom said in a press release after the meeting.

Miller and Wetselaar also discussed the project to build a third train at the Sakhalin-2 project's LNG plant and the implementation of the Nord Stream 2 gas pipeline project.

Gazprom and Shell signed the heads of agreement on a joint venture to implement the Baltic LNG project in 2017, and signed a framework agreement on joint studies on this project.

The Baltic LNG project will involve the construction of a plant to produce liquefied natural gas with capacity of 10 million tonnes of LNG at the Ust-Luga port in Leningrad Region.

Nord Stream 2 is a project to build a gas pipeline with capacity of 55 billion cubic meters per year from Russia to Germany across the Baltic Sea.