Cryogas to commence construction of LNG terminal at port Vysotsk in February 2016
Cryogas CJSC is going to commence the construction of LNG terminal at port Vysotsk in February 2016. According to the press center of Leningrad Region Government, the project implementation was discussed on October 26, 2015, at the meeting of Leningrad Region Governor Aleksandr Drozdenko, representatives of project investor Gazprombank and management of Cryogas.
Production capacity of the terminal will be 660,000 t of LNG per year. The project also includes construction of an offshoot pipeline from the main gas pipeline via Vyborg to the border (Leningrad-Vyborg-Gosgranitsa).
“This project is important for the Leningrad Region. The region will benefit from the terminal through generation of jobs and taxes feeding the budgets. Some 700,000 t of gas will be exported. We appreciate the decision of Gazprombank to support the project and we are ready to assist, particularly through conversion of the land plots into the industrial category,” the Governor said.
Vice-President of Gazprombank Yaroslav Golko marked the constructive dialogue between the investor and the regional government. According to him, the company is going to commence the construction in February.
The project implementation means generation of 100-120 jobs. The construction is to last 3-4 years (2015-2018). Total investment is estimated at RUR 50 billion.
Cryogas CJSC (100% owned by Gazprombank, set up in 2004) signed an agreement on construction of LNG terminal near port Vysotsk on November 26, 2014.
Port of Vysotsk is located in the Leningrad Region. In May 2012, RF Government expanded the limits of port Vysotsk through the inclusion of land plots and adjacent water area, where a general cargo terminal with annual capacity of 3 mln t is being constructed (on Putevoy Cape).
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