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Russia will build up its gas liquefying capacities

During his working trip to St Petersburg, Vladimir Putin launched via videoconference the loading of the first batch of LNG onto the tanker Coral Anthelia at the new Cryogas-Vysotsk LNG plant in Vysotsk, Leningrad Region, presidential web page reports.

Addressing the ceremony participants, he noted, “The first stage of the plant, which has a capacity of 660K tons of LNG per year, was put into operation this March. There are plans to launch the second stage with a capacity of over 1,100K tons of LNG per year. It is expected to be in operation late next year.”

“The global LNG market is making rapid headway: the demand for LNG is steadily growing both in this country and the rest of the world. Russia will consistently build up its gas liquefying capacities so as to occupy a befitting niche in this market. There are enormous, colossal prospects here. This includes the growth of exports and the use of LNG for fuelling and bunkering operations in the Baltic and other areas. New international rules aimed at countering the pollution of seas by marine vessels will come in force in 2020. This opens up very good prospects for us,” he said.

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