Gazprom will Build a $ 20 Billion Plant near the Baltic Sea

Russian gas giant Gazprom plans to build a huge gas-processing plant near the Baltic Sea, integrated with gas-chemical power. The partner of the company in this project is the company "Rusgaznitsa", writes "Vedomosti".

The business edition cites a source who spoke with managers of the Rusgazanci and a top manager of Gazprom's counterpart. According to them, the future production complex will be able to process up to 45 billion cubic meters of gas annually. The estimated cost of the project is nearly $ 20 billion, adds Vedomosti's interlocutors.
 
A Gazprom spokesman confirmed on April 22 that the project was being developed. If carried out, it could become the second largest in all Gazprom investment projects following the Siberian Power pipeline ($ 55 billion in 2014 estimates), the Russian daily notes.

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