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Gazprom Vladivostok LNG update

LNG Industry,

At a meeting held today at the Gazprom headquarters by chairman Alexey Miller, it was noted that the Vladivostok LNG project was progressing rapidly and on schedule. The first liquefied natural gas (LNG) train is due to be commissioned in 2018.

A special-purpose company, named Gazprom LNG Vladivostok, has been set up to implement the project. The design documentation is currently being developed, and will hopefully be completed in Q3 2014. The company expects to receive an environmental approval in the autumn of next year, as well as positive feedback from the Russian State Expert Evaluation Department by the end of 2014.

Area surveys

Investigation works for the project are in progress on the Lomonosov Peninsula (Portovaya Bay), which is the proposed location of the LNG plant, as well as on the surrounding infrastructure. Engineering surveys are underway with a purpose to design LNG plant facilities and an export terminal. Gazprom intends to carry out numerous detailed investigations, including geotechnical, hydrometeorological, environmental, seismological and seismotectonic research. There is also a plan to conduct a survey to detect any explosive objects or archeological sites in the area.

Joint project?

The focus of the meeting was the issue of defining future partners for joint implementation of the Vladivostok LNG project. Several international companies have already expressed an interest in the project, and their experts viewed some parts of the Investment Rationale between August and November this year. A number of potential LNG buyers, including Japanese companies, have also expressed an interest in the project.

The outcome of the meeting was the assignment of tasks aimed at the timely completion of the Vladivostok LNG project.

Adapted from press release by Katie Woodward

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