The specialized structural units of Gazprom were tasked to elaborate in the first quarter of 2013, the investment rationale for the project.
Last January, Gazprom and the Agency for Natural Resources and Energy under the Japanese Ministry of Economy, Trade and Industry have signed an agreement for the preparation of a joint feasibility study on the options for natural gas use near Vladivostok as well as for natural gas and gas chemicals sale and transmission from the vicinity of Vladivostok to potential customers in Asia Pacific countries.
The feasibility study defined economic conditions for the LNG plant construction in Vladivostok and confirmed its technical feasibility and the availability of a market niche for producing about 10 million tons of liquefied natural gas per year.
The study showed that 2017-2020 is the most favorable period for Gazprom to start supplying its liquefied natural gas from the vicinity of Vladivostok to the Asia Pacific market.
In addition, preliminary analysis was also carried out to consider possible construction of a compressed natural gas production and supply facility and risks and issues related to the project were also identified.
