"Gazprom" may freeze plans for LNG Plant in Vladivostok

Monopoly may abandon plans for "Vladivostok LNG".

One of the most loudly declared LNG projects in Russia could be frozen. "Gazprom" is ready to abandon the liquefaction under "Vladivostok LNG" project for additional deliveries to China. The projects have different resource bases, they are aimed at different markets, and still the monopoly did not link their implementation with each other: a similar LNG project of "Rosneft" was considered the competitor "Vladivostok LNG". Analysts believe that "Gazprom" have enough resources both for liquefaction, and the supply through the pipe, but the demand for gas in China will continue to grow, and the situation in the Asian LNG market may become inferior in the event of the suppliers from the United States.

On Friday in Beijing, Alexey Miller discussed the terms of gas supplies to China with Zhang Gaoli, the First Deputy Prime Minister of the State Council, as well as with Zhou Jiping and Wang Yilin, the heads of CNPC and CNOOC. It was, in particular, the preparation of an intergovernmental agreement on Russian gas exports to China by the eastern route ("The Power of Siberia" pipeline), which may be signed at a meeting of the Prime Minister, Dmitry Medvedev and the PRC Prime Minister Li Keqiang.