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Gazprom’s Amur project may get 10.8 bln euro financing from VEB

CIS GAS MONETISATION

Gazprom’s Amur project may get 10.8 bln euro financing from VEB

A group of Russian, Chinese and European lenders may provide 10.8 billion euro ($12.2 billion) in financing for Russian gas producer Gazprom’s Amur gas processing plant, state development bank VEB said on Tuesday.

VEB may provide up to 1.5 billion euro for the project as part of a banking syndicate, the lender said. Gazprom plans to provide 5.2 billion euro. ($1 = 0.8846 euros).

Amur gas processing plant will have two production lines, that 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 to produce anually 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.

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