Gazprom Decides on LNG Plant Investment

Russian gas company Gazprom has finalized its investment decision for a a liquefied natural gas (LNG) plant in Vladivostok, in the far east.

In a statement, the company said the plant will be built on the Lomonosov Peninsula (Perevoznaya Bay). The plant will have three process trains with an annual capacity of 5 million tons of LNG each.  The plant will receive gas from the Sakhalin, Yakutia and Irkutsk gas production centers. The target sales markets are the countries of the Asia-Pacific region.

The first consignment is expected in 2018.

The company said new gas production centres in Sakhalin and Kamchatka are ready to operate,Yakutia gas production center is being  developed and the Irkutsk and Krasnoyarsk centers are next in turn in eastern Russia.