02:38 GMT +319 August 2019
Listen Live
    A liquefied natural gas (LNG) plant

    Gazprom, Shell Sign Memorandum of Understanding on Baltic LNG Project

    © Sputnik / Sergey Krasnouhov
    Business
    Get short URL
    0 24

    Gazprom and the Royal Dutch Shell inked a memorandum of understanding on the Baltic liquefied natural gas plant project.

    STRELNA (Russia), (Sputnik) — Russian energy giant Gazprom and the Royal Dutch Shell oil company signed on Thursday a memorandum of understanding on the Baltic LNG (liquefied natural gas) plant project.

    "The document reflects the parties' interest in the expansion of cooperation in the field of LNG and envisages the study of possibilities and prospects for the construction of a plant of 10-million-tonne of LNG capacity per year in the Ust-Luga port," the memorandum documents read.

    The project is expected to be implemented by the end of 2021.

    Related:

    Gazprom Mulls Selling 49% of Baltic LNG Project's Shares to Shell
    BP, Royal Dutch Shell Evacuate Staff ahead of Isaac in Gulf of Mexico
    Kremlin Sees No Reason to Politicize Gazprom-Naftogaz Negotiations
    Belarus Owes Russia's Gazprom $125 Million for Gas Deliveries
    Tags:
    liquified gas, Baltic LNG project, Gazprom, Royal Dutch Shell, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik