Approval for Mid-Atlantic LNG Import Deal

A U.S. subsidiary of Moscow-based OAO Gazprom, the world’s largest gas producer, won federal approval today to import liquefied natural gas into the U.S. Mid-Atlantic region.

The Federal Energy Regulatory Commission voted in favor of a deal between Gazprom Marketing & Trading USA Inc. and a U.S. affiliate of Oslo-based Statoil ASA to import the gas through Dominion Resources Inc.’s LNG terminal in Cove Point, Maryland. As much as 200 million cubic feet of gas a day would be imported under the Dec. 1 deal.

LNG offloading terminals in Orlovka bay, Gazprom

 Shtokman LNG offloading terminals will be located in Orlovka Bay as it was decided at Gazprom meeting. Alexey Miller, Chairman of the Gazprom Management Committee held a meeting on the Shtokman gas and condensate field development.

The meeting was attended by heads and experts from the Gazprom Administration subdivisions, subsidiaries, corporate research and design institutes and Shtokman Development AG, reads the press release of Gazprom.

The meeting discussed Shtokman project progress focusing on technology optimization within first phase of the Shtokman development. The idea is to raise the economic efficiency and to assure navigation safety of heavy-duty LNG carriers.

Based on the meeting results the decision was taken to position LNG offloading terminals in the northern part of the Orlovka Bay (Murmansk region, eastwards from Teriberka). The project operator will rely on this decision when planning its further activities.