Portovaya LNG Terminal

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Portovaya LNG Terminal (Russian: КСПГ Портовая) is an operating LNG export terminal in Vyborgsky district, Leningrad oblast, Russia.

Location

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Project details

Trains 1 and 2

  • Operator: Gazprom LNG Portovaya LLC[1]
  • Owner: Gazprom LNG Portovaya LLC[2]
  • Parent company: Gazprom (50.01%), Gazprombank (49.99%)[2]
  • Location: Vyborgsky district, Leningrad oblast, Russia
  • Coordinates: 60.523347, 28.130122 (exact)
  • Capacity: 1.5 mtpa[3][4] (presumed to be 0.75 mtpa each)
  • Status: Operating[5]
  • Trains: 2
  • Type: Export[2]
  • Start year: 2022[3]
  • Cost: US$1.62 billion[6]

Train 3

  • Owner: Gazprom[1]
  • Parent company: Gazprom[1]
  • Location: Vyborgsky district, Leningrad oblast, Russia
  • Coordinates: 60.523347, 28.130122 (exact)
  • Capacity: 2 mtpa[7]
  • Status: Proposed[7]
  • Trains: 1
  • Type: Export
  • Start year:
  • Cost: US$2 billion[1]

Background

Originally scheduled for completion in 2018, the Portovaya project is an LNG export terminal near the Russia-Finland border. Gas for the terminal is sourced from Gryazovets-Vyborg gas pipeline connected to the Portovaya compression station, the same station that feeds the Nord Stream Gas Pipeline.[3][8]

In November 2021, project owner Gazprom reported that construction of the project was "in its final stage".[9] In January 2022, with tensions escalating between Russia and Ukraine, Russian authorities conducted an emergency inspection of the terminal site to check construction status. The terminal is seen as a key alternative source of LNG deliveries to the Russian enclave of Kaliningrad in the event that pipeline deliveries via Belarus and Lithuania are halted.[3] Peton, the contractor responsible for building the terminal, has stated that LNG production should begin in 2022.[3]

In September 2022, the terminal started producing LNG at two production lines. Portovaya is set to supply LNG to Russia's Kaliningrad region, sandwiched between Lithuania and Poland.[5]

The complex includes a marine terminal that ensures the shipment of LNG by gas carriers, incl. small-tonnage, an LNG shipment terminal by road, an onshore storage facility with a capacity of 42,000 m3, and a floating storage facility with an offloading system with a capacity of 138,000 m3.[10]

As a floating storage facility, Gazprom purchased the gas carrier Excel, which was refitted and named Portovy.[10]

Train 3

In September 2022, Gazprom announced plans to expand the existing terminal with a third liquefaction train using domestic technology, with the potential for additional capacity of 2 mtpa.[1][7]

As of April 2024, there were no updates on the expansion project.

Ownership changes

In December 2023, it was reported that Gazprombank has become a co-owner of the project.[2] While GIIGNL 2024 report states[11] that "Portovaya LNG is now operated by JV Portovaya", that appears to be incorrect. According to Russian-language sources, after the ownership change, the plant is still operated by Gazprom LNG Portovaya LLC.[2] JV Protovaya is an intermediate owner that in turn owns 99% of Gazprom LNG Portovaya LLC. Additionally, the GIIGNL report incorrectly states[11] that each parent company (Gazprom and Gazprombank) holds a 50% stake; however, in fact Gazprom owns 50.1% of the shares and is the majority shareholder.[2]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 "СПГ-завод в Ленинградской области могут расширить до 3,5 млн т в год". Ведомости (in русский). Retrieved 2023-06-28.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "ГПБ стал совладельцем завода СПГ "Газпрома" у компрессорной станции "Портовая"". Interfax (in русский). Dec 29, 2023. Retrieved Apr 19, 2024.{{cite web}}: CS1 maint: url-status (link)
  3. 3.0 3.1 3.2 3.3 3.4 Afanasiev, Vladimir (January 28, 2022). "Russia anxious on progress of strategic Baltic LNG project". Upstream Online.{{cite web}}: CS1 maint: url-status (link)
  4. Kaliningrad FSRU set to return to Russian exclave, Argus Media, Jan. 3, 2020
  5. 5.0 5.1 Gazprom Starts Producing LNG at Plant Near Nord Stream Pipeline, Bloomberg, Sep. 6, 2022
  6. Marwa Rashad. "Russia's Gazprom loads first cargo from new Portovaya LNG plant". U.S. Retrieved 2023-06-28.
  7. 7.0 7.1 7.2 LNG Prime Staff (2022-09-16). "Gazprom plans to expand Portovaya LNG terminal". LNG Prime. Retrieved 2022-09-21.
  8. Gazprom: Portovaya LNG Plant to Be Used for Bunkering Marine Vessels in Russia, World Maritime News, Dec. 28, 2018
  9. Russia’s Gazprom to launch Portovaya LNG project, LNG Prime, Nov. 29, 2021
  10. 10.0 10.1 "Теперь официально запустили КСПГ Портовая" (in русский). Retrieved 2023-06-28.
  11. 11.0 11.1 "The LNG industry: GIIGNL Annual Report 2024" (PDF). GIIGNL. June 2024. Retrieved Jun 24, 2024.{{cite web}}: CS1 maint: url-status (link)

Related GEM.wiki articles

External resources

External articles