LNG

Gazprom said it was proceeding with the Ust-Luga LNG production plant on the Baltic Coast and was seeking finance for the facility located near Saint Petersburg and which would be the largest in northwest Europe.

Royal Dutch Shell Chief Executive Ben van Beurden has signed a further agreement with Russian natural gas company Gazprom to make progress for plans to build an LNG export plant on the northwest Russian coast with cargoes pointing at Europe and South America.