the Memorandum (roadmap) for the construction of the third LNG production train. The Memorandum envisages step-by-step decision making on the preparation of FEED and PDD documents. The FEED stage is to be completed in 2015.
In addition, the Company is engaged in negotiations on partnership within the Vladivostok LNG project (annual capacity of 10 million tons of LNG with the possibility of expansion) as well as on signing the relevant PSAs for gas from this project. The first production train will be commissioned in 2018, the second one – in 2020.
Special attention was paid to the commencement of a 25-year contract for Russian LNG supply to Indian GAIL. The contract envisages the possible increase in supply from 2.5 to 3.5 million tons of LNG a year.
The Press Conference also considered other issues of Gazprom’s activities in Eastern Russia and the Asia-Pacific region.
Source: Gazprom, 2014.