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Gazprom completes Investment Rationale for Vladivostok-LNG project

Tuesday, Feb 12, 2013

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Vladimir Miklushevsky, Governor of the Primorye Territory.

The parties reviewed the Eastern Gas Program progress in the region, discussing, in particular, the project for the LNG  plant construction near Vladivostok (Vladivostok-LNG project). It was stressed that Gazprom had completed an Investment Rationale for this project. The document is currently under expert review in Gazprom and will be subsequently addressed by the Company's Management Committee.

Special attention was paid to the Primorye Territory gasification process. Between 2009 and 2012 Gazprom allocated more than RUB 9 billion for this purpose. The General Gas Supply and Gasification Scheme for the region was developed, four inter-settlement gas pipelines were constructed, the work began on designing seven gas branches, seven gas distribution stations and eight inter-settlement gas pipelines.

In 2013 the design and estimate documents will be further developed.

The parties noted that Gazprom was a major investor into the Primorye Territory economy. Between 2009 and 2012 the Company invested a total of RUB 130 billion in the region.

Source: Gazprom

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