We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Gazprom is ready to invest 320bln roubles in Amur GPP


Gazprom is ready to invest 320bln roubles in Amur GPP

Gazprom intends to invest more than 300 billion roubles in the construction of the Amur Gas Processing Plant during 2019, follows from the presentation of the company to the Investor Day.

The total investment for the current year is planned at the level of 320 billion roubles.

According to Gazprom’s corporate edition, in 2018 the company planned to invest 89 billion roubles in the project. For 2016 and 2017, 187 billion roubles were spent on the project.

The project of the Amur GPP, according to the latest estimates, has risen in price to 950 billion roubles. At different time intervals, amounts of 670 and 791 billion roubles were called.

The first stage of the Amur gas processing plant (two production lines) should be commissioned in April 2021, starting from January 1, 2025, the gas processing plant is expected to reach its design capacity. The launch of the enterprise will allow annually producing up to 2.6 million tons of ethane, 1.6 million tons of liquefied hydrocarbon gases, up to 60 million cubic meters of helium and up to 38 billion cubic meters of marketable gas.

Relevant news

Rusgazdobycha is not considering an IPO before 2027
Rusgazdobycha currently does not see an opportunity for an initial public offering (IPO) for joint venture with Gazprom until 2027
Construction of the Amur GPP is ahead of schedule
The construction of the Amur Gas Processing plant is going ahead of schedule, with completion scheduled for 2024
Gazprom opens first of three helium production lines
Gazprom opens first helium production lines at its Amur gas-processing plant, increasing capacity by 20 million cubic metres per year
Sibur may seek finance for Amur Plant from Russian Wealth Fund
SIBUR may borrow from the Russian National Wealth Fund to finance the construction of the Amur gas processing plant near the town of Svobodny
RusKhimAlyans, Linde, and Renaissance Heavy Industries entered into an EPC contract
In line with the agreements achieved the consortium intends to begin operations at the construction site in June 2021.
Bulgaria restores gas flows to Greece after pipeline accident
Bulgartransgaz has resumed gas deliveries to Greece via the Kulata–Sidirokastron interconnector after a halt of operations due to a rupture earlier.