Gazprom and Shell look at Ust-Luga LNG project

Gazprom and Shell look at Ust-Luga LNG project

Russia’s Gazprom and Royal Dutch Shell are looking at forming a Baltic LNG joint venture at the port of Ust-Luga. The aim is to make an LNG plant at the Russian port with output of up to 15m tons a year with Shell likely in for a 49% stake.

Gazprom and Shell have worked together in the past on a number of gas projects, most notably Sakhalin in Russia’s Far East.

With the Baltic becoming an emissions control area (ECA) this year there is demand for more LNG as a ship fuel, with ferry operators in the region in particular taking the lead in the world in terms of adopting this fuel switch.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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