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SIBUR to increase exports with new terminal in Ust-Lug

June 24/2010

MOSCOW (SIBUR) -- In terms of All-Russian Railroad transportations of bulk-oil cargo conference a round-table discussion about the project of a liquefied petroleum gas transfer terminal in Ust-Lug harbour took place. Representatives of Sibur, Gazprom-neft, NOVATEK, Federal Tariff Service were participating.


The creation of the biggest Russian liquefied petroleum gas and light oil transfer complex is going to let us develop the service quality and increase export volumes said cancilor of SIBUR President Michail Fedorov. Construction of SIBUR terminal intended for annual transfer of up to 1,5 mln. tones of liquefied petroleum gas (LPG) and 2,5 mln.  tones of light oil is going to be finished in Q4 2012.


Among the main advantages of the terminal are favorable geographic position and way to northwestern European markets, possibility of operation with large-capacity vessels and navigation in ice period. Besides that, isothermal LPG storehouse.


Cooling of liquefied gas will let to transport with large parties as shipload of gas carrier-refrigerator for cooled LPG is comparable with shipload of 10 usual forcing type gas carriers.

SIBUR to increase exports with new terminal in Ust-Lug

MRC Reference

Sibur Holding is the largest Russian petrochemical group.

 Gazprombank (70% minus 1 share);
 Gazfond (25% plus 1 share);
 5% reserved for option program.









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