Gazprom plans to launch LNG Plant on Baltic in 2018

By Finance

Gazprom  is the Russia's state-run gas producer and is planning to launch liquified natural gas plant on the Baltic Sea. The idea behind this plan, which is expected to be finished by the end of 2018, is that Gazprom wants larger share of the LNG market.

Gazprom also plans to launch in the same time another LNG plant in the Pacific port of Vladivostok , targeting the Asian markets. Some days ago Gazprom announced that has idea on investing in new LNG plant on the baltic Sea for producing 10 million tonnes a year.

In the moment the Russian-state gas producer together with Royal Dutch Shell  operates LNG plant on the Pacific island of Sakhalin with a capacity of 10 million tonnes. Gazprom took a decision to stop plans to produce LNG from the Shtokman field in the Barents Sea due to overrunning costs.