Gazprom to Pechora LNG
The energy giant looks towards the Timan Pechora province.
Gazprom considers to take part in the development of the Pechora LNG, the major plant projected on the coast of the Pechora Sea. The company also considers to engage in the construction of a condensate processing plant,which would facilitate the transport of diesel and gasoline along the Russian Arctic coast.
In a recent meeting with regional authorities in the Nenets Autonomous Okrug, Gazprom board member Vsevolod Cherepanov discussed the plans and agreed to hold “several working meetings and consultations on technical and legal elements of the project”, a press release from the regional administration reads.
Read also: Pechora LNG from 2015
While the Nenets Autonomous Okrug is engaging comprehensively in oil production, there is only few projects which includes the extraction of gas and gas condensate. According to regional authorities, only about two percent of the region’s gas resources are being developed.
Head of the region, Igor Fyodorov, is now eager to engage Gazprom in both extraction and LNG processing in the region.
“Gazprom is monopolist in the development of new gas fields in Russia and it is therefore of major importance that we extensively harmonize our procedures with the gas giant,” the regional administration stresses.
The Pechora LNG will be based on the resources of the Kumzha and Korovinskoe fields, which together hold a resource potential of 146 billion cubic meters of gas.
As previously reported, the Chinese company CNOCC is among the possible investors in the project, which is expected to have a price tag of about four billion USD. About $2.5 billion of the investments are planned channeled into the development of the LNG plant and adjacent maritime infrastructure, while $1.5 will be spent on the development of the two gas fields, RusEnergy.ru reports.
As preveiously reported, the project developer Pechora LNG (formerly named the SN-Neftegaz) originally wanted to lauch the project in 2015. The LNG plant will be built in the village of Indiga on the coast of the Pechora Sea.