Management Committee considers Baltic LNG project execution as inexpedient
Posted on February 8, 2008 – 10:05 am | by oilandgaspress.com
The Gazprom Management Committee has convened on its regular meeting.
The Management Committee considered the Baltic LNG project execution as inexpedient.
“The all-embracing detailed analysis of the Baltic LNG project has shown that the Nord Stream pipeline construction and the Shtokman field development involving potential LNG production are more competitive projects. The decision was taken in this context to concentrate the Company’s major resources on the execution of these higher-priority projects,” said Alexey Miller at the Management Committee meeting.
Reference:
The Baltic LNG project stipulated constructing an LNG plant in the Leningrad Oblast. The Baltic Liquefied Gas Company (80 per cent – Gazprom Germania, 20 per cent – Sovcomflot) was set up with the aim of executing the said project.
INFORMATION DIVISION, OAO GAZPROM
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT
www.oilandgaspress.com - The ‘one stop shop’ for global Oil and gas press releases!!!
Tags: Baltic LNG, Gazprom
You must be logged in to post a comment.