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Gazprom and Shell sign framework agreement

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LNG Industry,

Gazprom has announced that it has signed the framework agreement with Shell on the joint design concept (pre-FEED) for the Baltic LNG project.

The agreement was signed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, at the 8th St. Petersburg International Gas Forum. The signing ceremony took place in the presence of the Chairman of the Gazprom Management Committee, Alexey Miller.

According to the statement, the framework agreement outlines the next stage of the Baltic LNG project in the lead up to the FEED stage. During the signing process, both parties noted that the joint feasibility study had been successfully completed.

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