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...
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