By Mirza Duran Russian gas giant Gazprom is working to attract investors to fund its large liquefied natural gas export project in the Baltic port of Ust-Luga.
Port of Ust-Luga. Photo by Ust-Luga Company
Gazprom said in a statement that it was working to attract project financing from Russian and international credit institutions.
Gazprom and RusGazDobycha agreed to build the gas processing and liquefaction complex worth more than 700 billion rubles ($9.62 billion) in March last year.
The LNG plant will have 13 million tonnes per year capacity while the entire complex will be able to process 45 billion cubic meters per year.
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