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International Internet Magazine. Baltic States news & analytics Sunday, 24.06.2018, 06:13

Russian startup aims to build small-scale LNG terminals around Baltic Sea

BC, Vilnius, 17.02.2017.Print version
Alongside Gazprombank-controlled Cryogas, which supplies LNG to Eesti Gaas, LNG Gorskaya, a relatively small privately-owned Russian energy company, is entering the Baltic LNG sector with plans to build small-scale LNG terminals around the Baltic Sea to deliver fuel to ships sailing in the sea, the business daily Verslo Zinios reported on Friday writes LETA/BNS.

The company aims that bunkering vessels should not have to travel more than 320 kilometers from their LNG bunkering center to reach any location in the Baltic Sea.

LNG Gorskaya CEO Kirill Lyats told the paper that the planned terminals on the Baltic coast would not be strictly linked to the company's gas liquefaction plant, which means that, on one hand, not all gas liquefied there will go to the company's small-scale terminals and, on the other hand, that these terminals will not have all their gas delivered from St. Petersburg.

According to the CEO, the company has already concluded contracts for a larger amount of LNG that the first liquefaction line, planned to be launched in the second half of 2017, will be able to supply.

"We will purchase part of LNG on the market or through long-term supply contracts with other suppliers. We will have various LNG supply sources," he said.

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