• 4 minutes Trump has changed into a World Leader
  • 7 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 8 minutes Indonesia Stands Up to China. Will Japan Help?
  • 10 minutes US Shale: Technology
  • 13 minutes Which emissions are worse?: Cows vs. Keystone Pipeline
  • 14 minutes What's the Endgame Here?
  • 17 minutes Shale Oil Fiasco
  • 4 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 49 mins Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 3 hours Might be Time for NG Producers to Find New Career
  • 9 mins Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 19 hours Beijing Must Face Reality That Taiwan is Independent
  • 3 hours Phase One trade deal, for China it is all about technology war
  • 2 hours Wind Turbine Blades Not Recyclable
  • 3 hours Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 2 hours Denmark gets 47% of its electricity from wind in 2019
This Shale Giant Is Ready For A Rebound

This Shale Giant Is Ready For A Rebound

Occidental Petroleum has come under…

Is Iran Preparing To Send Oil Back To $100?

Is Iran Preparing To Send Oil Back To $100?

Brent oil prices have failed…

Gazprom Looks To Attract $14B For Russia’s Biggest Gas Processing Plant

Amur Gas Processing Plant

Gazprom is in discussions with banks as it looks to attract in 2020 project financing of US$14 billion for the construction of its Amur gas processing plant, which will be Russia’s largest and the second-largest in the world, Gazprom manager Alexander Ivannikov, who is responsible for the company’s financial and economic policy, told Russian media on Monday.

Gazprom has reached agreements with export agencies, which are ready to provide guarantees for US$7 billion, and talks with banks are ongoing, Ivannikov said.

This year, Gazprom won’t need funds for the Amur gas processing plant because its financing needs have been covered by bridge loans, the manager noted.  

Gazprom is currently holding talks with 27 banks for financing for next year. The Russian gas giant plans to raise US$14 billion for the Amur gas processing plant, including US$7 billion in guarantees from export agencies, Russian media quoted Ivannikov as saying.

Once in full operation, the Amur Gas Processing Plant will be Russia’s largest and the world’s second largest natural gas processing facility, according to Gazprom. The plant is designed to be a crucial link along the Power of Siberia gas pipeline with which Gazprom plans to begin delivering gas to China in December 2019.

Construction at the Amur gas processing plant started back in 2015. As of the end of December 2018, the progress on the gas processing plant’s construction was at 24 percent, according to Alexey Miller, the chairman of Gazprom’s Management Committee.

The Amur gas processing plant will have a design capacity of 42 billion cubic meters of gas per year. The plant is planned to have six production lines, and the first two lines are currently scheduled for commissioning in 2021. The Amur gas processing plant will also host the largest helium production facility in the world, according to the Russian gas giant.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play