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Project Insights

Baltic LNG aims to compete with US cargoes

Shell wants the the Baltic LNG project to serve global markets and believes it can compete on price with US LNG Shell wants the the Baltic LNG project to serve global markets and believes it can compete on price with US LNG.
By Silvia Favasuli 28 February 2019 Europe & Russia / LNG 0 33991
The Russian seaport of Ust-Luga, near the site for Baltic LNG (Gazprom)

The location of Shell’s Baltic LNG plant will enable its cargoes to compete on price against volumes from the United States, Shell’s representative for Russia, Cederic Cremers, said at International Petroleum Week in London on Wednesday.

Despite this positive outlook, the project – which will be developed in partnership with Russia’s Gazprom – is progressing slowly. Six years after it was first announced, a joint venture to develop the facility has yet to be created.

According to Shell’s plans, Baltic LNG will comprise a 13 mtpa liquefaction...