First Russian LNG plant to be constructed without Gazprom will be located in Nenets Autonomous Area.
Pechora LNG will be located in the South-East part of the Barents Sea in the settlement of Indiga.
The project targets fields of Kumzhinskoye and Korovinskoye found in the Nenets autonomous Area and is to process 4,2-8,4 billion m3 annually, informs Kommersant.
The plant will be launched in 2015 (earlier than Shtokman); the final investment decision is to be taken in Autumn 2010.
The tender for subcontractors will be opened in 2012.
Pechora LNG was developed by Italian company Technip and is owned by CH-Oil&Gaz which is a part of Alltech Group.
Alltech Group is an investment company dealing with oil-and-gas, real estate and coal projects.
The president of the Alltech Group is a Russian businessman – Dmitry Bosov.
According to Kommersant, Mr. Bosov is not going to compete with Gazprom and promises to agree his plans with the Russian gas giant.
[mappress]
Source: barentsnova, May 28, 2010