Manufacturing Industry
RUSSIA: Joint venture long-stalled construction plans for proposed liquefied natural gas (LNG) plant move ahead, PETRO-CANADA [Canada] & OAO GAZPROM [Russia] Order #: 048706.
WWP- Report on Oil Gas & Petrochemicals in the Developing World, April, 2006
PROJECT OVERVIEW:
Liquefied natural gas (LNG) is expected to become a big part of the future of gas marketing in North America. As a result a Canadian/Russian joint venture finally signed a next stage agreement regarding their proposed LNG plant to be sited in Russia. The partners in the planned undertaking include PETRO-CANADA and the local OAO GAZPROM.
According to Ron Brenneman, PETRO-CANADA President & CEO, as the project moves forward his company is expected to be in an excellent position to import long-term gas supply not only from Russia but from other parts of the world as well. According to the terms of the agreement, the 2 companies will now proceed ahead with the initial engineering design to build a Baltic gas liquefaction plant near St....
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