According to Reuters, Gazprom is set to sign a deal with Shell regarding a Baltic LNG project at a forum in St Petersburg, Russia, in June 2016.
It is expected that the facility will be constructed by December 2021. It will have a total production capacity of up to 20 million tpy of LNG.
Yuri Ushakov, a Kremlin aide, reportedly said that Shell CEO Ben van Beurden will sign the deal in the presence of the Russian President, Vladimir Putin.
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Wood Mackenzie has released a statement containing a commentary by research director Nicholas Browne on Shell’s recent acquisition of Australian electricity retailer ERM Power.
