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Shell& Japan Firms May Get Stake in Gazprom's Baltic LNG

Source: Reuters 6/17/2015, Location: Asia

Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia's Kommersant newspaper said.

The agreement may be signed this week during an economic forum in Russia's second city of St Petersburg, it reported, quoting sources in the gas industry.

Gazprom was not available for immediate comment.

The gas producer plans to build a liquefied natural gas plant in the Baltic sea port of Ust-Luga with an annual capacity of 10 million tonnes. It also wants to be able to increase output to 15 million tonnes a year. An Ust-Luga port official said on Tuesday the company may need around 1 trillion roubles ($18.50 billion) to build the plant.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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