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Herbert Smith Freehills Advises RusChemAlliance on Baltic LNG Project

Herbert Smith Freehills Advises RusChemAlliance on Baltic LNG Project

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Herbert Smith Freehills has advised RusChemAlliance, a joint venture of Gazprom and RusGazDobycha, on the Baltic LNG integrated gas processing and LNG project.

Herbert Smith Freehills describes the Baltic LNG project as "currently the largest Russian national project," and reports that it will be located in the Baltic Sea port of Ust-Luga, in the Leningrad region of Russia. "The complex will have a gas processing capacity of 45 bcm per year and LNG liquefaction capacity of 13 mtpa," the firm reports. "In addition to LNG, the project will produce sales pipeline gas for EU export, ethane fraction to be supplied to the co-located gas petrochemical plant, [and] LPG and PHF to be sold directly on the market."

Herbert Smith Freehills also reports that on June 8, 2020, the "Baltic LNG project achieved a key milestone by awarding its first full-scale EPC contract for the gas processing plant and technological utilities, infrastructure and offsites to NIPIGAZ (part of SIBUR group). The project has also signed a 20-year supply and offtake contracts with Gazprom and Baltic Chemical Company (the owner of the co-located ethanol plant)."

Herbert Smith Freehills' team included Partners Vadim Panin and Olga Davydava, Hong Kong Partner Danila Logofet, Senior Associate Natalia Kraslyanskaya, Counsels Oxana Koerner and Mark Veitch, and Associates Yulia Turkina and Elvira Vanieva.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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