Report: Shell decides to quit Russia’s Baltic LNG project

MOSCOW, Apr 10 (PRIME) -- Royal Dutch Shell has decided to quit the Baltic LNG (liquefied natural gas) plant, a joint project with gas giant Gazprom, Bloomberg reported on Wednesday, citing head of the Russian division of Shell.

The decision will not affect the other joint projects of the company with Gazprom, Bloomberg reported.

The Baltic LNG plant will have a capacity of 10 million tonnes per year with a possible extension to 15 million tonnes and will be located in the Leningrad Region’s port of Ust-Luga.

In late March, Gazprom said it would build a large gas liquefying facility jointly with RusGazDobycha. The plant will annually produce 13 million tonnes of LNG, up to 4 million tonnes of ethane and more than 2.2 million tonnes of liquefied hydrocarbon gases. The ethane would be used by a utility to be built by RusGazDobycha, where it will produce more than 3 million tonnes of polymers per year.

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