Media: Shell wants to get in the project “Baltic LNG” 25-35%

Media: Shell wants to get in the project “Baltic LNG” 25-35%


The experts of Gazprom and Shell has completed its evaluation of the project. Investment in the creation of an LNG plant with a capacity of 10 million tons are estimated at 11.5 billion dollars, according to the newspaper “Kommersant”.

MOSCOW, 20 APR. Anglo-Dutch Shell wants to get in the project “Baltic LNG” 25-35%, not 49%, “Gazprom” remains the control and it creates the space to attract another major partner, possibly from the countries-gas consumers, writes in Wednesday newspaper “Kommersant”.

According to the newspaper, experts of “Gazprom” and Shell has completed its evaluation of the project “Baltic LNG”, investment in the establishment of an LNG plant with a capacity of 10 million tons are estimated at 11.5 billion dollars.

The publication reports that the latest official assessment that was given to “Gazprom”, referred to the beginning of 2014 and amounted to $ 10 billion. However, according to newspaper sources, the rise in the cost of project at 15% even in conditions of a sharp devaluation of the ruble is a success, because the depreciation of a significant part of the work allowed us to meet a key limitation in 1.2 thousand USD investment per tonne of LNG.

Shell according to the results of expert assessment of construction of the plant confirmed the interest in the project, reported to the edition the sources familiar with the situation. The interest of Shell to the project “Gazprom” on construction of the LNG in the Baltic sea was reported in the summer of 2015. In April it became known that Gazprom and Shell discuss the possibility of obtaining a Shell company to 49% in the project “Baltic LNG”, which is scheduled in 2021.

Gazprom and Shell expect to sign a Memorandum of the “Baltic LNG” in SPIEF in mid-June, but the document is almost certainly not legally binding.

“The Baltic LNG” is discussed in the context of a global partnership of Gazprom and Shell, which includes the Nord Stream-2, the expansion of the LNG plant on Sakhalin and the exchange of assets, which the Russian monopoly expects to get a position in LNG in the Asia Pacific market.