Rus­sia’s first LNG im­port ter­mi­nal at Kalin­ingrad nears launch

Tehran Times - - ENERGY -

Rus­sia’s first liq­ue­fied nat­u­ral gas (LNG) im­port fa­cil­ity in the ex­clave Kalin­ingrad on the Baltic Sea is close to start-up, S&P Global Platts re­ported on Fri­day, 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 S&P Global Platts ves­sel track­ing and to ship­ping data provider Ves­sels-Value, a newly built Float­ing Stor­age Re- gasi­fi­ca­tion 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 cu­bic me­ters 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.

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