An introduction of the project on the construction of liquefied natural gas plant in Nenetsk Autonomous District was held on December 3rd, 2009 at 10th World LNG Summit (Barcelona, Spain). LNG Pechora Project was presented by Viacheslav Pershukov, CEO of CH-Oil&Gaz LLC. LNG Plant is planned to be built as an alternative to the gas-chemical complex project for commercialization of gas reserves of Kumzhinskoye and Korovinskoye fields. According to the feasibility study that is prepared by Technip Italy, it is planned to start the construction of the factory and all needed infrastructure in 2011 and requires more than $4 bn investments. This complex shall allow to commercialize 3,9 bcm of dry gas per year at the first stage. It will be possible to increase production up to 7,8 bcm in the future. The plant may be launched in 2015, simultaneously with the starting of the production at the fields. The factory product shall be exported mainly to Asia-Pacific region.

“The project shall allow to commercialize the reserves of natural gas in Nenetsk Autonomous District, that have not been developed due to lack of necessary infrastructure, so in case of realization of our project we can create a new region of gas production in Russia” – said Viacheslav Pershukov at the Summit. “Initially we considered only one way of commercialization of the reserves by constructing of gas-chemical complex near Indiga village. But recently the new opportunities were opened for independent Russian operators in LNG segment. At the conference in Salekhard held in September, 2009 the Prime Minister Vladimir.Putin stated that now it is an important task to take the leading positions on the LNG market. It is not a secret that the construction of the LNG plant in Nenetsk Autonomous District requires more approvals and is subject to various regulations; nevertheless we decided to consider such a way. Simultaneously with the development of pre-project documentation for the LNG plant, gas transmission infrastructure and marine facilities, we negotiate on strategic cooperation with foreign companies. We hope that our project shall make a valid contribution into realization of the plans of our country” – summarized Viacheslav Pershukov.

Press service of CH-Oil&Gaz

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