News // Russia
Russia’s 1st LNG import terminal at Kaliningrad nears launch
03 December 2018 , 00:05Neftegaz.RU492
Russia’s 1st LNG import facility in the exclave Kaliningrad on the Baltic Sea is close to start-up, Platts reported, citing vessel tracking data and Asia-based traders.
The region of Kaliningrad, a Russian exclave squeezed in between Poland and Lithuania and without a land or maritime border with Russia, has been receiving natural gas supplies via the Minsk – Vilnius – Kaunas – Kaliningrad transit gas pipeline.
Due to the region’s location, Russia’s gas giant Gazprom has been building the Kaliningrad LNG import, storage, and regasification terminal. LNG regasification will be carried out with a floating LNG unit (FLNG), according to Gazprom’s plans.
According to Platts vessel tracking and to shipping data provider VesselsValue, a newbuild Floating Storage Regasification Unit (FSRU), named Marshal Vasilevskiy, loaded a cargo of LNG at Singapore earlier in November and is heading for delivery.
This Asia-Europe LNG trade flow is a reversal of the typical Atlantic basin-Asia LNG flows. Gazprom must have procured the LNG cargo at an attractive price in order to make the arbitrage from Asia to Europe viable, traders based in Singapore told Platts.
Platts Analytics assumes that the Kaliningrad FSRU will begin operations in January 2019, senior gas analyst Andre Lambine said.
According to Gazprom, the Kaliningrad Region will be able to receive up to 2.7 billion m3 of gas per year thanks to the LNG import terminal, which will bolster the region’s energy security and make it self-sufficient with natural gas if need be.
Poland and Lithuania are among the EU´s most vocal opponents to the Gazprom-led pipeline project Nord Stream 2 from Russia to Germany via the Baltic Sea, and have signed LNG supply deals to import LNG from the United States.
00:01 25.03.2019Germany's Wintershall eyes Russian expansion after DEA merger
18:00 21.03.2019NGV fuel becoming increasingly popular in Russia
18:00 19.03.2019Moscow and Baku mull Russian oil to Turkey's STAR refinery
17:00 18.03.2019LUKOIL eyes to expand its presence in Azerbaijan