Baltic LNG project

23/6/2020
Project development, Project finance

$ 18.5 billion

Announced

23/6/2020


Overview:

  • RusChemAlliance, a joint venture between the Russian gas companies Gazprom and RusGazDobycha, is developing the Baltic LNG project at the Baltic Sea Port of Ust-Luga in Leningrad Oblast.
  • The Baltic LNG plant is a 13-mmpta liquefaction project. It will receive feedgas from West Siberian gas fields via the Northern Lights pipeline system.
  • Shell, originally involved as part of the joint venture, quit the project in April 2019.
  • In June 2020, the EPC contract was awarded to NIPIGAZ for gas processing plant operations and off-site facilities. Gazprom and the Baltic Chemical Company have signed a 20-year supply and offtake contract.
  • The complex is expected to enter service in 2023.

Natasha Forrest - Researcher

Jurisdictions:

Finland
Russia

Deal types:

Project development
Project finance

Practice areas:

Banking
M&A
Project development

Industry sector:

Energy


Firms:

Party: Gazprom (Joint venture partner)


Party: RusChemAlliance (Project developer)