Shell look set to partner with Gazprom for a new liquidised natural gas (LNG) plant at the Baltic Sea, according to reports form Russia.
The two companies signed a memorandum in April regarding a strategic partnership in the Arctic shelf exploration as well as LNG.
Shell is already working with Gazprom on the Sachalin-2 project, which includes Russia’s first LNG plant, and last week announced it was working to Guanghui Energy on an LNG joint venture in China.
Gazrpom’s CEO Alexei Miller has also spoken to BP about future projects, according to Russian newspaper reports.
The Russian giant is understood to be considering two locations for the new LNG plant in the Finnish gulf: the Kingiseppsky District to the Wyborski region.
Efforts to develop the region date back almost a decade, but were dropped in 2007 after being deemed as unprofitable.
The liquidised gas from the Baltic plant would be exported to Europe to supplement existing gas supplies, although Gazprom did not rule out also exporting to Latin America.
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