LNG

Shell and Gazprom sign framework agreement on Baltic LNG

Shell executive Maarten Wetselaar signed a framework agreement on Thursday on the joint design concept for the Baltic LNG project
By Staff reporter 5 October 2018 0 32799

Shell executive Maarten Wetselaar signed a framework agreement on Thursday on the joint design concept for the Baltic LNG project with Vitaly Markelov, deputy chairman of Gazprom’s marketing committee.

The framework outlines the next phase of the project in the lead-up to the FEED stage, the Russian major said in a note. A joint feasibility study has been successfully completed, Gazprom added.

A heads of agreement to proceed with Baltic LNG was signed in 2017. The plan envisages the construction of a 10 mtpa...