Russia’s A-Property contracts TechnipFMC to design $10 bln LNG plant

A-Property, a firm owned by Russian energy tycoon Albert Avdolyan, has reportedly hired TechnipFMC to design a large LNG export terminal.

The LNG plant and surrounding infrastructure would be located in the remote northern republic of Yakutia.

The plant would require a $10 billion investment, Reuters reported on Monday citing an A-Property spokeswoman.

A-Property hopes to complete the LNG plant by 2025 and sell chilled fuel to Asia.

The 13 mtpa plant would be located relatively close to the Chinese border, the agency said.

A-Property plans to seek permission from the Russian government to export LNG.

The LNG project’s design phase which should be complete by the end of 2020, the report said.

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