Pechora LNG has confirmed their participation at the CIS Gas Monetisation and CIS Petrochemicals events. The delegation will consist of the company’s general director along with 3 key project managers who plan to discuss technical issues and future tenders at the conference.
Rosneft which owns the controlling stake in the Pechora LNG project originally planned to arrange LNG supplies abroad. However, a few days ago the State Duma Committee on Energy rejected the changes in the law on gas export, on which the implementation of the project depended. It was this decision that once again opened the question of alternative opportunities for gas monetization in the Pechora LNG project.
The decision on the concept of construction has yet to be made. Presumably, it was planned that the gas condensate field, the gas transportation infrastructure, and the liquefaction plant would be created at the Nenets Autonomous District of Kumzhinsky and Korovinskoye.
Consideration of the base for the construction of the plant potentially included such variants of location as above-ground, floating and on a gravity base. Either way, the final decision will be taken during the feasibility study of the project, which will include an analysis of technological, climatic and economic indicators.
According to Andrey Kostin, General Director of RUPEC, decision to start exploring the alternative value-added “Rosneft” is a useful and has great potential. So, for today, due to the low price in the currency, the attractiveness of prices for Russian gas and projects in gas chemistry (especially with marine localization) has increased significantly.
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Register for the Gas Monetisation to meet Pechora LNG
11 APRIL 2018