Gazprom, RusGazDobycha & NIPIGAZ Make Decision to Terminate EPC Contract

Gazprom, RusGazDobycha and NIPIGAZ have decided to terminate the business relationship under the EPC contract for the creation of the Gas Processing Complex as part of the Complex for processing ethane-containing gas (GPC of CPECG) near Ust-Luga. The purpose of the decision is to optimize the project costs.

The EPC contract was signed for a cycle of operations to create gas processing and off-site facilities at the complex, including the preparation of the working documentation, delivery of equipment & materials, execution of construction & installation and start-up & commissioning works, and integration services for the complex and its off-site facilities. A new contractor for these works will be appointed in the near future.

The replacement of the contractor will not have any influence on the project implementation schedule. All works for the creation of the CPECG are carried out as planned.