Sibur received over 20 bln roubles for the terminal in Ust-Luga

​Sibur has sold a terminal on LPG transshipment at the port of Ust-Luga.

The amount of the deal almost equals to the expenditure on the construction of the complex. The amount was initially determined in roubles (from the announcement of the sale in 2014) and by the moment of the deal almost hasn’t changed.

In May 2014 the holding promised that the amount of the deal would make up over $700 mln. The investment into the construction of the terminal made up 23 bln roubles.

The new owner of the complex is the consortium of investors, among which is the Direct Investment Fund of Russia and the leading world investors. By the agreement of the parties, Sibur will work as the operator of the terminal. It will provide the loading of the capacities.

The participants of the consortium will go on investing into the terminal’s development. The project of increasing the terminal’s capacities and expansion of the railway infrastructure has already been worked out. The project presupposes that the capacity of LPG transshipment will rise from 1.5 to 2.4 mln tons a year, on the transshipment of light oil products –from 2.5 to 2.8 mln tons a year.