Page 13 - GLNG Week 33

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Gazprom seeks state aid for Baltic gas hub
INVESTMENT
RUSSIA’S Gazprom has reportedly asked for government support to develop major gas pro- cessing and petrochemical projects on the Baltic Sea.
Company head Alexei Miller requested in a letter to Prime Minister Dmitry Medvedev that the projects be given the status of “having national importance to the economy”. He also asked that the supervisory board of state devel- opment bank VEB be instructed to discuss nancing aid.
Gazprom had been working with Royal Dutch Shell to develop a 10mn tonne per year (tpy) LNG export terminal at the Baltic port of Ust-Luga, but abandoned this plan earlier this year in favour of a larger integrated processing complex. Partnered with RusGazDobycha, a company affiliated with Kremlin ally Arkady Rotenburg, Gazprom took a nal investment decision (FID) on constructing a hub at Ust- Luga capable of annually processing 45bn cubic metres of natural gas into 20 bcm of treated gas, 13mn tonnes of LNG, 4mn tonnes of ethane and more than 2.2mn tonnes of LPG.
e ethane is expected to be used at a nearby petrochemical plant that RusGazDobycha will develop on its own. is facility will produce 3mn tonnes of ethylene and 3mn tonnes of
Gazprom had been working with Royal Dutch Shell to develop an LNG export terminal at the Baltic port of Ust- Luga, but abandoned this plan in favour of
a larger integrated processing complex.
polyethylene, according to Miller’s letter.
Both projects are slated to be online in 2023- 2024. According to Gazprom, the gas process- ing and LNG complex should cost RUB700bn ($10.5bn) to build. e investment required for the petrochemical site has not been disclosed. However, a project with half its capacity that pet- rochemicals giant Sibur is developing in the Far
East is projected to cost up to $9bn.
Shell pulled out of Gazprom’s Baltic plans
a er changes to their scope earlier this year and allegedly because of the involvement of Roten- burg, who has been included in Washington’s sanctions blacklist beause of his close ties to President Vladimir Putin. Gazprom is report- edly in talks with Germany’s Linde to supply liquefaction technology for the plant, following Shell’s exit.™
AMERICAS
EIG announces major
developments at Prumo
Logística
EIG Global Energy Partners, controlling shareholder of Prumo Logística, a private Brazilian company leading the energy infrastructure hub at Port of Açu, today announced major developments at Prumo. Among them, Gas Natural Açu (GNA), a joint venture among Prumo, BP and Siemens focused on the development and operation
of sustainable energy and gas projects, has satis ed the conditions precedent required to draw on the previously announced US$750 million project nancing led by IFC, KfW and the Brazilian National Development Bank. GNA will apply the loan proceeds toward the completion of the construction of the 1.3 GW rst phase of GNA’s LNG-to-power complex (GNA I).
Additionally, the development of the second phase of the complex, a 1.7 GW LNG-to-power project known as GNA II,
NEWS IN BRIEF
is already underway and energy contracts have been secured. Upon completion, GNA
I and GNA II will have 3GW of installed capacity—enough to supply energy for up
to 14 million households—making it the largest gas-to-power project in Latin America. GNA has a total licensed capacity of 6.4 GW and registered projects in the upcoming A-6 energy auction. GNA I and the LNG import terminal are expected to start commissioning by March 2020. In addition, GNA is developing o shore pipelines, gas processing facilities and a liquids export terminal for pre-salt gas, and onshore pipelines connecting Açu to the gas pipeline grid. Total investment for the rst two phases of the GNA LNG-to- power complex is estimated to be in excess
of $2bn. EIG also announced that Prumo has named three prominent industry veterans
to its Board of Directors. Pedro Parente, chairman of BRF and former president of Petrobras, has joined the Board together with Ieda Gomes, former President of Comgas
and BP Brazil, and Franklin Feder, chairman of InterCement Participações and former President of Alcoa Latin America.
EIG GLOBAL ENERGY PARTNERS, August 21, 2019
Stabilis Energy announces two strategic transactions to enhance its distributed LNG and CNG capabilities in Mexico
Stabilis Energy today announced two strategic transactions that will expand its presence in the distributed lique ed natural gas (LNG) and compressed natural gas (CNG) markets in Mexico.
Stabilis has completed the acquisition
of privately held Diversenergy and its subsidiaries to create one of the leading distributed LNG marketing and distribution companies in Mexico.
In addition, Stabilis has completed
the formation of a joint venture with
Grupo CLISA and other former owners of Diversenergy to pursue investments in LNG and CNG assets in Mexico.
STABILIS ENERGY, August 21, 2019
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