Sanctions may affect technology selection for Baltic LNG - Gazprom Deputy CEO
ST. PETERSBURG. May 26 (Interfax) - Economic sanctions may affect the selection of the gas liquefaction technology for the Baltic LNG project, Gazprom Deputy CEO Alexander Medvedev told journalists in St. Petersburg on Thursday.
"This issue concerns the question of possible sanctions. Naturally, we cannot rely on these factors, be hostages of technology. For now there is no Russian liquefaction technology. There is technology that is the least risky," he said.
A source in the Gazprom group told Interfax previously that the plant would most likely be equipped with C3MR technology, which is the most widely used liquefaction technology.
The date for commissioning the plant remains unchanged: "It's 2021," Medvedev said. As for the business model, it continues to be discussed. But in any case the project will rely on the Unified Gas Supply System. "Given the investment being made in the northwestern arm, Ukhta-Torzhok and so on, this means the gas is there," he said.
The Baltic LNG plant does not require the commissioning of new gas production capacity. Gazprom has about 100 billion cubic meters of reserve production capacity. "Of course, some investment in the gas transportation system is needed, but in contrast to all the other projects, we already have the gas. It needs to be delivered and efficiently liquefied," he said.