Gazprom and RusGasDobycha decided on a final configuration of a project on creation of a large complex for processing of ethane-containing gas and production of liquefied natural gas (LNG) near Ust-Luga in Leningrad region. Thus, the parties moved to the project implementation phase.
The project includes creation of a production plant for annual processing of 45 billion cubic meters of gas and production and shipment of 13 million tonnes of LNG, up to 4 million tonnes of ethane and more than 2.2 tonnes of liquefied petroleum gas (LPG). Raw material for the enterprise will be ethane-containing natural gas extracted by Gazprom. Natural gas remaining after processing (about 20 billion cubic meters) will be transmitted to the gas transmission system of Gazprom.
Commissioning of the first phase of the complex is scheduled for the second half of 2023, of the second phase – by the end of 2024.
Investments in implementation of the project are expected to exceed 700 billion rubles.
Implementation of this large project is very important for social and economic development of the country. More than 25,000 experts will be involved in construction, more than 5,000 permanent jobs will be created at the commissioning phase.
“We have launched a large project which does not have any analogues in Russia. In a very short time we will construct the most powerful enterprise for processing and liquefaction of gas in the country. Together with a gas and chemical enterprise technically connected with the complex we are talking about creation of a modern industrial cluster in Northwest Russia.
The decision that we have made is a practical implementation of a new economic model of integrated monetization of hydrocarbon resources. Consolidation of production of LNG and ethane at an integrated site will significantly improve economy and specific indicators of the project, will allow reducing resource and price risks considerably,” said Alexey Miller, Chairman of the Gazprom Management Committee.