LLC Baltic Gas Chemical Company (BGCC) has completed a preliminary geological survey of a Leningrad Oblast site where it supposes to build a methanol production complex. The proposed construction site will take up an area of 55 hectares in the eastern part of the Ust-Luga industrial zone. Selection of this particular site is favored by its nearness to federal and regional highways and its convenient location relative to power supply facilities.
Leningrad Oblast Government has already granted its preliminary approval to the project. Gazprom and Novatek have in their turn confirmed their readiness to allocate requisite portions of their gas outputs to it.
The future facilities will have an estimated production capacity of 1.7 mn tonnes of methanol per year, their annual natural gas consumption estimated at 1.5 bn cubic meters. The company plans to launch the complex in Q1 2018. The project also calls for the construction of a seaport terminal able to transship the product made by the complex for subsequent export delivery.
