Herbert Smith Freehills has advised RusChemAlliance, a joint venture of Gazprom and RusGazDobycha, on the Baltic LNG integrated gas processing and LNG project.
Herbert Smith Freehills describes the Baltic LNG project as "currently the largest Russian national project," and reports that it will be located in the Baltic Sea port of Ust-Luga, in the Leningrad region of Russia. "The complex will have a gas processing capacity of 45 bcm per year and LNG liquefaction capacity of 13 mtpa," the firm reports. "In addition to LNG, the project will produce sales pipeline gas for EU export, ethane fraction to be supplied to the co-located gas petrochemical plant, [and] LPG and PHF to be sold directly on the market."
Herbert Smith Freehills also reports that on June 8, 2020, the "Baltic LNG project achieved a key milestone by awarding its first full-scale EPC contract for the gas processing plant and technological utilities, infrastructure and offsites to NIPIGAZ (part of SIBUR group). The project has also signed a 20-year supply and offtake contracts with Gazprom and Baltic Chemical Company (the owner of the co-located ethanol plant)."
Herbert Smith Freehills' team included Partners Vadim Panin and Olga Davydava, Hong Kong Partner Danila Logofet, Senior Associate Natalia Kraslyanskaya, Counsels Oxana Koerner and Mark Veitch, and Associates Yulia Turkina and Elvira Vanieva.