Baltic LNG Project Moving Ahead

Tuesday, 25 August 2020

Gazprom took an important step towards the start of FEED work on its Baltic LNG project by securing what appears to be part of a larger credit line provided by Russia’s state-controlled VEB investment bank. Baltic LNG is planned to see first gas in 2H 2023 but Shell’s withdrawal from the project removes its proprietary technology. This increases the risk for delay, in our view.

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