Gazprom may return to LNG project in Yamal

As it turned out, Gazprom may return to the LNG project upon the Baltic Sea. The monopoly was going to construct a plan with capacity of up to 7 million tons in Primorsk in 2004, but refused this idea for the Shtokman project, which is frozen now. Today Gazprom intends to implement a project, aimed at LNG supplies to Europe and filling of vessels with liquefied gas, together with the group Summa. The monopoly may have problems with LNG contracts in Europe, but it will not have them with standards of the Third Energy Package.

Yesterday, the Gazprom’s Head Alexei Miller said to the Interfax that in the near future the company would announce “fundamentally new LNG-project” in Russia. The Top-Manager didn’t disclose any details. A source of the Kommersant, who is familiar with the monopoly’s plans, says that it may be a question of construction of a new LNG plant in the port of Primorsk (the Leningrad region). According to the Kommersant’s interlocutor, the project is planned to be implemented with the group Summa of Ziyavudina Magomedov, who is the port’s co-owner. According to him, Gazprombank also takes part in the negotiations.