MOSCOW, Jun 8 (PRIME) -- The key agreements for construction of a gas refinery and liquefaction plant in the port of Ust-Luga have been signed, Russian gas giant Gazprom said in a statement on Monday.
"Several key agreements have been signed today in St. Petersburg in the framework of a project of building of a plant refining ethane-containing gas (including an integrated facility for refining and liquefaction of natural gas and a gas chemical facility)," Gazprom said.
Gazprom signed a 20-year deal with the operator of the project Ruskhimalyans for ethane-containing gas supply amounting to 45 billion cubic meters (bcm) ethane-containing gas per year. The gas remaining after refining and liquefying estimated at 18 bcm per year will be pumped to Gazprom's gas transport system.
Ruskhimalyans signed a 20-year deal with the Baltic Chemical Complex to sell the ethane part for refining. The company also signed an engineering, procurement and construction deal with Sibur affiliate Nipigas.
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