25/05/2018

Press release: SIBUR and Gazprom sign final agreement to supply ethane to Amur GCC

St Petersburg, 25 May 2018. Valery Golubev, Deputy Chairman of Gazprom's Management Committee, and Dmitry Konov, Chairman of SIBUR’s Management Board, signed a long-term agreement on ethane fraction supplies. The deal was closed today at the St Petersburg International Economic Forum.

The document provides more details on the basic terms and conditions of a previously signed preliminary agreement for the future 20-year ethane fraction supplies from Gazprom’s Amur Gas Processing Plant (GPP) to SIBUR's Amur Gas Chemical Complex (GCC). In particular, the document specifies the volume (ca. 2 mtpa), the pricing formula and the Parties’ responsibility for ensuring stable supplies and feedstock reception.

The deal has secured long-term ethane fraction sales for Gazprom, while SIBUR is now able to continue developing the Amur GCC project.

This partnership will foster the creation of the largest gas processing and gas-chemical cluster in the Amur Region to boost the economic and social development of the entire Far Eastern Federal District.

Background

Gazprom’s Amur GPP will become the largest gas processing plant in Russia and the second-largest globally. Its design capacity will stand at 42 bcm per year. The plant will include six processing lines, with the first two lines to be commissioned in 2021. In addition to natural gas, the GPP will produce ethane, propane, butane, pentane-hexane fraction and helium.

The Amur GPP’s ethane fraction will be processed at SIBUR's Amur GCC with a capacity of 1.5 mtpa of ethylene to be further transformed into polymer products.


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