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Gazprom advertises Vladivostock-LNG project

LNG Industry,

Yesterday Gazprom delivered a presentation of the Vladivostok-LNG project in Vladivostok on the Russky Island. The presentation was intended for prospective purchasers of liquefied natural gas (LNG) and partners from Japan.

Taking part in the event were Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Sergey Sidorov, First Vice Governor of the Primorye Territory, and heads of Gazprom's structural units and subsidiaries.

During the presentation, it was determined that the Asia-Pacific LNG market was the most receptive and fast growing in the world, with Japan a major consumer.

The Vladivostok-LNG project

Supplies from the first train of the Vladivostock LNG plant are expected in 2018. They are expected from the second train in 2020. Each train has a capacity of 5 million tpa, with a view to further expansion.

One of the key advantages of the Vladivostok-LNG project is its resource base. At present, Gazprom's A+B+C1+C2 gas reserves in the Sakhalin, Yakutia and Irkutsk gas production centres exceed 4.6 trillion m3. The company is developing large scale geological exploration in these regions, which are forecasted to result in further gas reserves build-up.

An important condition for successful project implementation is the availability of the necessary infrastructure. Gas will be delivered to the plant via the Sakhalin-Khabarovsk-Vladivostok gas transmission system constructed by Gazprom and eventually via the projected power of the Siberia gas pipeline.

Attractive option

“Today it may be stated with certainty that Vladivostok-LNG is very attractive both for prospective consumers and investors. The consumers will get a new regular supply of high-quality energy sources in the immediate proximity to their receiving terminals. As for the investors, they have an unrivalled opportunity of investing into the project with an access to the very promising emerging Asia-Pacific markets,” Vitaly Markelov said.

Markelov discussed the possibility of attracting a strategic partner, which could acquire up to 49% in the project.

Meeting regulations

At the meeting, Gazprom stressed that they would act in full compliance with environmental and security standards at all stages during the LNG plant construction and operation.

Adapted from press release by Ted Monroe

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