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Russia's Gazprom, Shell start talks on Baltic LNG project - Interfax

Mon, 07th Sep 2015 14:20

MOSCOW, Sept 7 (Reuters) - Russia's Gazprom andRoyal Dutch Shell have started commercial talks onBaltic LNG project, Interfax news agency quoted Gazprom ChiefExecutive Alexei Miller as saying on Monday.

The Russian gas producer plans to build a liquefied naturalgas plant in the Baltic Sea port of Ust-Luga with an annualcapacity of 10 million tonnes. It wants to increase output to 15million tonnes a year later on.

Russia's Kommersant newspaper said in June that Gazprom mayoffer up to 49 percent in the project to a strategic partner,with most likely candidates being Shell or a consortium ofJapanese firms. (Reporting by Katya Golubkova, Editing by Gabriela Baczynska)

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