Gazprom seals financing for Baltic, Vladivostok LNG

MOSCOW -- A cooperation agreement as part of LNG projects was signed at the Gazprom headquarters by Alexey Miller, chairman of the Gazprom management committee and Andrey Akimov, chairman of the Gazprombank management board.

According to the agreement, the parties will cooperate within the Baltic LNG and Vladivostok LNG projects.

Gazprom will be the majority shareholder in the project companies set up to implement the Baltic LNG and Vladivostok LNG projects. Gazprombank will have an opportunity to acquire a stake in the project companies.

The project companies, among other things, will own LNG plants along with other necessary production facilities as well as manage the projects at all stages, including the development of project documents.

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