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RIA Novosti: Gazprom mulling joint gas-liquefaction venture with Shell

MOSCOW, June 19 (RIA Novosti) – Gazprom (RTS: GAZP) is considering creating a joint venture with Anglo-Dutch oil major Shell to build a natural-gas liquefaction plant in northwest Siberia, the deputy chairman of Gazprom’s managing committee said Monday.

Alexander Ryazanov said the plant in Nadym, in the Yamalo-Nenets Autonomous Area, would have capacity of around 12 billion cubic meters of gas per year.

The company needs to liquefy the gas because the falling pressure of the remaining gas at the local deposits means that it cannot be exported by Gazprom’s pipeline system, he said.

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