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SIBUR unveils its giant LPG transhipment project to potential customers

August 25/2011

(SIBUR) -- SIBUR has presented details of its liquefied petroleum gas (LPG) and light oil products complex, currently under construction in the Ust-Luga commercial port in the Leningrad Region, to major international companies including Shell, BASF, Repsol and LyondellBasell.

The facility will be the largest terminal in the CIS for the transhipment of LPG and the only one in Russias Northwest region ideally placed for the Western European export market. The complex is designed to handle up to 1.5 million tonnes of LPG and up to 2.5 million tonnes of light oil products (stable natural gas) per annum. It is due to begin operations in the first quarter of 2013.

Experts predict that LPG production in Russia will grow from 9.7 million tonnes at the end of 2010 to 16.4 million tonnes by 2015. A significant portion of this increase will be supplied to the domestic market as petrochemical feedstock and fuel to the public utility sector.

Tags:Sibur Holding, BASF, LyondellBasell, Shell.
Category:General News
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