A large gas processing plant combined with a gas chemical production facility is planned to be built near the Russian city of St. Petersburg, Vedomosti newspaper reported on Monday, citing its own sources.
The project will be implemented by the Russian gas corporation Gazprom in partnership with Rusgazdobycha, which former owner is a Russian oligarch Arkady Rotenberg. According to the newspaper, the gas chemical complex will be able to process up to 45 billion cubic meters of gas annually. The approximate cost of the project is about $20 billion.
The scale of the new production complex is impressive, which may become the second largest among all Gazprom’s projects in terms of investment volume. To date, the first position on this list is held by a project for the construction of the Power of Siberia gas pipeline, which is estimated at $55 billion.
The plant will carry out gas purification, with the obtained methane being sent for liquefaction to the Baltic LNG.