By LNG World News The proposed site of the Baltic LNG plant in the Seaport of Ust-Luga (Image courtesy of Ust-Luga company)Russia’s Gazprom has delayed the launch of its planned Baltic liquefied natural gas facility to 2022-2023.
The project’s commissioning date could be revised once the project documentation is finalized, Reuters reported citing a prospectus for a Eurobond issue.
The liquefaction and export plant will have a capacity of 10 million mt of LNG a year. Initially, the production was expected to start in 2021.
In June last year, Gazprom and Hague-based LNG giant Shell signed a memorandum of understanding regarding the Baltic LNG project.
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