Gazprom considers Baltic LNG plant

Russia’s Gazprom is looking at building a small plant on the Baltic Sea to produce LNG as a shipping fuel, local media reports.

It is understood that the new plant will have an annual capacity of up to 1 million tonnes by 2020.

The idea comes as the European Union backs tough new rules on shipping fuel, which will require ship owners to cut sulphur content to 0.1% from 1% by 2015 in sulphur emission control areas in the Baltic, North Sea and the English Channel.

Gazprom already operates an LNG plant on the Pacific island of Sakhalin, which produces around 10 million tonnes of LNG annually.

Apparently, the company is also looking at building at least two more large LNG plants in Vladivostok on Russia’s Far East and on the Baltic Sea.