Gazprom & Shell Sign Two Agreements on Baltic LNG Project

Source: www.gulfoilandgas.com 6/3/2017, Location: Asia

Alexey Miller, Chairman of the Management Committee of Gazprom, and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, today signed at the St. Petersburg International Economic Forum 2017 the Heads of Agreement to set up a joint venture.

The document describes the concept behind the joint venture, which will secure financing for and carry out the design, construction and operation of the LNG plant in the Leningrad Region. Based on that concept, Gazprom and Shell will take further steps in the implementation of the Baltic LNG project.

The parties also signed the Joint Study Framework Agreement on the Baltic LNG project. The signing of this document will allow the companies to start developing preliminary project documentation as soon as possible.


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