Gazprom may compensate EU peak gas consumption with LNG

MOSCOW, Jan 13 (PRIME) -- Russian gas giant Gazprom has suggested compensating peak winter consumption of natural gas by European consumers with liquefied natural gas (LNG) from the future Baltic LNG plant, Gazprom Deputy CEO Valery Golubev said on Thursday at the Gaidar Forum.

“The combination of supplies of pipeline gas and Russian liquefied gas may even be done in the framework of one contract. We see it as a great advantage if pipelines that we build – the Nord Stream and the Nord Stream-2 – are loaded not by half on average per year, I mean the reserve capacities to cover the winter peak consumption, but they work on full projected capacity throughout the year,” he said.

“We can compensate winter peak consumption with one-time tanker supplies of liquefied gas. This was the reason for our decision to build the gas liquefaction plant on the coast of the Baltic Sea.”

In June 2016, Gazprom and Royal Dutch Shell signed a memorandum of understanding on the Baltic LNG project, which envisages construction of the plant in the port of Ust-Luga with projected production capacity of 10 million tonnes of LNG per year.

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